FTSE bosses should be paid like top footballers, says ICAP founder Investing Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
How to tell the right story on executive pay Opinion Ten years on from new reporting requirements on executive pay, companies have a chance to use their Directors’ Remuneration Reports to explain their decision making to stakeholders, says PwC’s Dan Harris It’s been over a decade since the government overhauled the requirements on what public companies have to report on directors’ remuneration. A key aim [...]
Wizz Air: Huge shareholder revolt over plans to hand boss bumper bonus Transport and infrastructure Wizz Air has suffered a huge shareholder revolt against its plans to hand its chief executive a bumper pay deal. The airline is looking to give Jozsef Váradi a restricted share award which would represent 300 per cent of his £710,534 salary. The listed company has argued that Váradi’s compensation doesn’t reflect a unique “parade [...]
Games Workshop suffers major shareholder revolt after top bosses handed huge bonuses September 18, 2024 Warhammer maker Games Workshop has suffered a major shareholder revolt after handing millions in bonuses to its top bosses. The Nottingham-headquartered company saw almost 21 per cent vote against its remuneration report and nearly 27 per cent vote against its remuneration policy at its AGM today (Wednesday, 18 September). Following record sales and pre-tax profit [...]
Deliveroo: Boss Will Shu in £15m pay day after selling millions of shares September 16, 2024 The chief executive and co-founder of Deliveroo has received a pay day of almost £15m after selling more than 9m shares in the London-listed company. Will Shu has disposed of 9.4m shares worth £14.8m between 12 September and 16 September to “cover personal property investments”. Following the sell off, Shu retains 95.8m shares in Deliveroo. [...]
Sometimes, the right CEO is worth a private jet September 2, 2024 Starbucks CEO Brian Niccol has attracted controversy for commuting by private jet, but in an increasingly complicated global business environment it can take sky-high perks to attract the right talent, says Katie Sharpe Finding the perfect CEO in the corporate world is a mission that requires as much creativity as it does mere financial resources. [...]
Rolls-Royce chief’s £40m payday may be justified – here’s why August 14, 2024 The FTSE 100 executive could be set for as much as £40m via a combination of remuneration and the company's soaring share price.
US-UK chief executive pay gap widens as FTSE bosses sweat over attracting top talent June 30, 2024 The pay gulf between blue-chip chief executives in the UK and US widened even further last year, new figures show, as debates rages in the City over London-listed firms' ability to attract and retain top talent.
Motorpoint to limit staff salary rises as bonuses for top bosses slashed June 26, 2024 Motorpoint has slashed the bonuses of its top executives after suffering “the most difficult year” in its history.
Wizz Air faces shareholder row over £15m exec payout plan June 23, 2024 Wizz Air is facing yet another shareholder row over plans to pay out millions to top executives without any performance strings.