‘High pay day’ falls a bit later this year – but FTSE bosses need not fear

‘High pay day’ falls a bit later this year – but FTSE bosses need not fear | Nils Pratley

Use of data from Covid-hit 2020 has CEO pay looking lower than usual, but don’t expect it to last

It’s the first week of January, so it must be time for “high pay day”, the High Pay Centre’s illuminating calculation of the moment at which the average chief executive of a FTSE 100 company will have been paid as much as the average UK worker will earn in the entire year. The imaginary gong will strike at about 9am on Friday morning.

That, notably, is slightly later than normal because the thinktank has to use backward-looking data for its exercise and, relatively speaking (a crucial qualification), the FTSE 100 crew had a lean time during the first pandemic year. In 2020, their average pay fell from £3.25m to £2.7m. That was still about 86 times the median earnings of a full-time UK worker but represented a multi-year low ratio-wise.

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Jannarelly Floats The Idea Of An Electric Design-X1 Roadster

With 2017 now drawn to a close, automakers around the world, big and small, are looking towards the new year ahead. That includes Jannarelly, which is floating the idea of an electric version of its Design-1 roadster. The Jannarelly Design-1 is the work of the same Anthony Jannarelly who designed the Lykan Hypersport and Fenyr Supersport for W Motors (among other projects ). The minimalist sports car draws inspiration from classic roadsters, powered by a 3.5-liter V6 mated to a six-speed manual transmission. The project dubbed the Design-X1, however, would do away with the internal-combustion engine in favor of an electric powertrain of undisclosed specifications. The version pictured – in a neon tint akin to the new Aston Martin Vantage's with a red grille frame and grey stripes – also features a single-seat cockpit, with the rest of the cabin covered by more bodywork. At this point, Jannarelly and company are gauging public opinion to see whether they should proceed ...

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