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Justin King paid £8 million last year

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Justin King paid £8 million last year

Postby Bruce Everiss » Wed 16 Jun 2010 12:23 pm ... se&ID=5882

Sainsbury’s chief executive Justin King was paid almost £8 million last year, a 60% increase on his previous year’s pay packet. Basic pay for the year from March 2009 to March 2010 including pension supplements, salary and bonuses, totalled £3.35 million and this was boosted by a £4.52 million gain on share options.

golly gosh Worker have their view on this: http://www.golly

The rich get richer - again

Global wealth became even more concentrated at the top of society last year.

A report released by the Boston Consulting Group shows that less than 1 percent of the richest own 38 percent of the world’s wealth, up from 36 percent in 2008.

Households worth more than $5 million make up just 0.1 percent of the world’s population—yet control 21 percent of the world’s wealth, up from 19 percent in 2008.

Bosses in Britain are no exception. Sainsbury’s boss Justin King banked almost £8 million last year.

And they say public sector workers are overpaid!
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