Chief executives of leading UK companies are paid 133 times more than the average worker, new research for “Fat Cat Friday” reveals. A study suggested that by 1pm today top bosses will already have been paid as much so far this year as average workers earn in 12 months. The average chief executive of FTSE 100 firms has a pay packet of £3.9 million, an 11 per cent increase on a year ago, the report said. The pay increase means top executives working a 12-hour day only need to work for 29 hours in 2019 to be paid the average worker’s annual salary. This is two hours fewer than in 2018, the report by the High Pay Centre think tank and the Chartered Institute of Personnel and Development (CIPD) said. Unions said the research showed that the Government needed to “redesign” the economy to make it fair. The average FTSE 100 chief executive is paid just over £1,000 an hour, compared with the national living wage of £7.83 for adults. The report said excessive pay and the culture of “superstar” chief executives was increasingly being seen as a failure of corporate governance. New regulations requiring large publicly-listed companies to publish th...