In a row with management over pay, Tarmac employees described it as “a kick in the teeth” and described Mr Manifold’s bonus as “eye-watering”.
Tortoise’s latest index found that chief executive pay among FTSE 100 bosses increased, on average, by 31 per cent since last year. The median Tesco employee was found to earn a base pay of £19,676 a year – less than the Joseph Rowntree Foundation’s acceptable standard of living – while Tesco’s chief executive Cork-born Ken Murphy was paid £4.7 million – 224 times the median Tesco employee.
There were dismal findings in relation to climate too. The index found that over 90 per cent of emissions generated by FTSE 100 companies are not covered by science based targets, which require deep emissions reductions while minimising the use of offsets.