On the 49th anniversary of the passage of The Equal Pay Act 1970 (Wednesday 29th May), The Equality Trust releases a groundbreaking report ‘From Pin Money to Fat Cats: Pay Inequality in the FTSE 100’, an analysis of the FTSE 100-owned companies on a sector-by-sector basis in terms of CEO pay ratios, gender pay gaps and gender bonus gaps. It provides a benchmark snapshot prior to the introduction of pay ratio reporting legislation and paints a depressing picture of extreme inequality in the FTSE 100-owned companies, with the CEO of Vodafone taking home a salary 390 times that of a Customer Service Advisor, HSBC Bank Plc reporting a gender pay gap of 61% and Quadrant Catering Ltd reporting a gender bonus gap of 100%.
