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 [...]
Sometimes, the right CEO is worth a private jet Opinion 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. [...]
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.
Card Factory’s chairman sent warning by shareholders June 20, 2024 Almost a quarter of shareholders in Card Factory voted to oust its chairman at the company's annual general meeting.
Tesla shareholders approval Musk’s £44bn pay package but reject ESG proposals June 14, 2024 Elon Musk has won a battle to have his bumper pay packet approved.
Dr Martens: Top bosses miss out on bonuses after ‘disappointing year’ June 12, 2024 The top bosses at iconic British shoe maker Dr Martens will not be paid their bonuses after the brand suffered a "disappointing year" as its pre-tax profit was slashed.
City row erupts against proxy advisers over executive pay June 10, 2024 Proxy voting advisers, which recommend how shareholders vote at company meetings, have often blocked votes to hike executive pay
Burberry boss misses out on bonus after ‘challenging’ year for luxury label May 30, 2024 The chief executive of luxury label Burberry will not receive a bonus for its latest financial year after its results underperformed during a "challenging" year.