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Executive Pay

  • Wednesday, 11 December, 2024
    Pay UK bosses like football stars, says Lord Spencer

    Founder of ICAP claims boosting chief executives’ salaries would help London’s competitiveness

    Lord Michael Spencer
  • Sunday, 8 December, 2024
    Work & Careers
    How employers can set local salaries in a globally competitive world

    The international labour market is forcing some companies to pay more in cheaper regions

    Montage image of Big Ben, the Brandenburg Gate and a scatter plot graph
  • Wednesday, 4 December, 2024
    Stellantis
    Stellantis chief’s exit pay deal to be less than last year’s €36.5mn package

    Large part of Carlos Tavares’ performance-based remuneration lost due to the car company’s declining profits

    Former Stellantis chief executive Carlos Tavares waves before getting into a car in Atessa, Italy in January 2024
  • Tuesday, 3 December, 2024
    Tesla Inc
    Tesla loses bid to restore Musk’s record $56bn pay package

    Delaware judge rejects shareholders’ overwhelming reapproval of award for chief of electric-car maker

    Elon Musk is listening attentively.
  • Tuesday, 26 November, 2024
    Bank bonuses
    Senior UK bankers to receive bonuses faster under new rules

    Bank of England proposes relaxation of restrictions dating from financial crisis

    The Bank of England building in London, England
  • Monday, 11 November, 2024
    Terry Smith
    Fund manager Terry Smith’s pay falls to £28mn

    Stockpicker’s investment firm Fundsmith weighed down by his decision to shun chipmaker Nvidia

    Terry Smith
  • Thursday, 24 October, 2024
    James Gorman
    Morgan Stanley grants post-employment perks to former CEO James Gorman

    Longtime executive will receive $400,000 a year and access to a car and driver as he transitions out of top roles at bank

    James Gorman
  • Wednesday, 9 October, 2024
    UK companies given greater leeway to award executives big pay rises

    Investment Association simplifies guidelines in effort to stem exodus of London-listed groups

    Skyline of the City of London
  • Sunday, 6 October, 2024
    Playtech Ltd
    Shareholders hit out at Playtech’s proposed €100mn bonus scheme

    Some investors unhappy about plans to reward senior executives following group’s disposal of Italian unit

    A Playtech sign at  the ICE London B2B gambling event
  • Friday, 30 August, 2024
    EY
    EY cuts pay rises and bonuses for UK tax staff after slower year

    Big Four firm curbs annual salary bumps for thousands of employees and dismisses a handful of partners

    Pedestrians walk past the entrance of the EY office building in London. The company’s logo, a large ‘EY’ with a yellow triangle above it, is prominently displayed above the revolving doors. In the background, the Tower Bridge is partially visible.
  • Thursday, 22 August, 2024
    Lex
    Do not blame the proxy advisers for bust-ups over executive pay Premium content

    In the end, investors call the shots

    Brendan Horgan, wearing a light blue shirt, smiles while standing in front of a glass background.
  • Monday, 19 August, 2024
    Ashtead Group PLC
    Ashtead defends potential $14mn pay deal for chief

    Proxy advisers say equipment rental company’s planned remuneration for Brendan Horgan is ‘excessive’

    Brendan Horgan
  • Thursday, 15 August, 2024
    Starbucks Corp
    Starbucks’ new chief awarded $113mn pay deal and remote office in Newport Beach

    Brian Niccol’s move from Chipotle makes him one of the best paid bosses in the US

    Brian Niccol
  • Sunday, 11 August, 2024
    FTSE 100 chief executives’ pay rebounds to 2017 levels

    Rise to average of almost £5mn last year comes as UK executives push for payouts to compete with global rivals

    London skyline
  • Thursday, 8 August, 2024
    Barclays PLC
    Barclays becomes first UK bank to scrap EU bonus cap

    ‘Material risk takers’ will be eligible for awards of up to 10 times their fixed pay

    Barclays’ headquarters in Canary Wharf, London
  • Thursday, 8 August, 2024
    Qantas Airways Ltd
    Qantas slashes former boss Joyce’s exit pay

    ‘Command and control’ culture under then-CEO was part of ‘root cause’ of airline’s problems, says report

    Alan Joyce
  • Wednesday, 31 July, 2024
    BlackRock Inc
    Top BlackRock executive benefits from unusual ‘points-style’ bonus pay

    Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock

    Rob Kapito, president of BlackRock, speaks at the Global Financial Leaders Investment Summit in Hong Kong
  • Wednesday, 24 July, 2024
    Clifford Chance LLP
    Clifford Chance hands partners £2mn as profits surge

    Trial of ex-Autonomy chief Mike Lynch among elite law firm’s mandates last year

    Clifford Chance montage against LA skyline
  • Sunday, 21 July, 2024
    ESG investing
    Companies drop DEI targets from bonus plans on conservative pressure

    Criticism from asset managers is increasingly leading big employers to walk back diversity and environmental measures

    Vivek Ramaswamy attends the fourth day of the Republican National Convention at the Fiserv Forum on July 18, 2024 in Milwaukee, Wisconsin
  • Friday, 19 July, 2024
    Utilities
    Yorkshire Water boss receives £1mn as bonus ban announced

    Nicola Shaw’s pay award comes despite severe sewage pollution failures by the water utility

    Yorkshire Water website
  • Wednesday, 17 July, 2024
    Nationwide Building Society
    Nationwide’s planned £2.9bn Virgin Money takeover boosted by support at AGM

    Each of building society’s resolutions won about 95% or more of members’ votes

    A Nationwide branch in London
  • Tuesday, 16 July, 2024
    Southern Water Ltd
    Southern Water pays chief £183,000 bonus after proposing 73% rise in customer bills

    Lawrence Gosden’s total pay rises to £764,000 even as company is ordered to rewrite ‘inadequate’ business plan

    Lawrence Gosden, chief executive of Southern Water
  • Thursday, 11 July, 2024
    Citigroup Inc
    Citi’s new head of banking granted $40mn in stock

    Equity issued to Viswas Raghavan who joined from JPMorgan in June will vest over seven years

    Viswas Raghavan
  • Tuesday, 9 July, 2024
    Thames Water
    Thames Water chief defends bonus amid plan for hefty bill increases

    Struggling utility appeals to regulator Ofwat to approve new business plan

    A rear view of a Thames Water worker with the company logo on the back of his high-visibility top
  • Monday, 8 July, 2024
    Tesla Inc
    Tesla and Musk antagonists face off over multibillion-dollar lawyer fee

    Counsel for EV company and shareholder who sued its board swap ‘real-life lawyer joke’ and ‘clown show’ barbs

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