Happy Fat Cat Tuesday! Today's the day when the pay of a chief executive of a FTSE 100 company will overtake the average U.K. worker's earnings for the whole year.
Independent think-tank the High Pay Centre, which was set up to examine corporate governance and pay, claims the average CEO of a U.K. blue chip company earns £4.96 million ($7.27 million) a year, based on average reported pay in 2014, or £1,260 an hour.
Based on this, the average CEO will have earned the median wage for a full-time U.K. worker of £27,645 within 22 hours of the first working week of the year -- or Tuesday afternoon.
This is the same amount of time as last year, but is faster than 2014, when CEOs had to wait until the first working Wednesday to surpass average earnings.