Musk’s ‘unfathomable’ $56bn Tesla pay package overruled by US judge January 31, 2024 A Delaware judge has ruled in favour of investors who contested Elon Musk's $56bn (£44.2bn) Tesla pay package, deeming it excessive.
FTSE bosses earn 57 times more than their employees as debate rages over London’s competitiveness December 18, 2023 Bosses of FTSE 350 firms are typically paid 57 times more than their employees, according to new data, as City grandees argue over the best way to attract talent to London.
Dame Alison Rose: Ex NatWest boss handed £2.4m pay package August 23, 2023 Former NatWest boss Dame Alison Rose’s pay package – reportedly £2.4m – has been branded a “sick joke” by Nigel Farage. Dame Alison quit her high-profile role as boss of NatWest, which also owns private bank Coutts over her handling of Farage’s account closure – which sparked a ‘debanking’ scandal. NatWest Group issued an RNS [...]
FTSE 100 bosses got a £500,000 pay hike last year – but guess who got paid the most? August 22, 2023 The salary of FTSE 100 chief executives surged by 16 per cent in 2022, according to new figures out today. The figures, collated by think tank the High Pay Centre (HPC), revealed the median pay for the bosses of the UK’s top 100 firms reached £3.91m in 2022, a £500,000 jump from £3.41m in 2021 [...]
Sky-high pay for broadcaster chief despite poor performance August 20, 2023 Sky’s head honcho Dana Strong has pocketed more than $30m (£23.6m) in just two years making her one of the UK’s highest paid executives, despite the broadcaster’s finances taking a nosedive last year. Sky owner Comcast delivered a pay check of $15.2m to Strong in 2022, even as revenues plummeted 11.5 per cent. In 2021, during [...]
Next chairman survives shareholder vote – but ‘significant’ revolt proves cause for concern May 18, 2023 Shareholders dealt a series of blows against Next and its board on Thursday as large numbers voted to kick out its chairman and against the company’s pay plans. The business said chairman Michael Roney received less than four in five (79.2 per cent) of the votes cast at its annual shareholder meeting. Meanwhile around one [...]
‘Show restraint on pay’, fund managers tell FTSE bosses November 10, 2022 Fund managers are urging the UK’s top bosses to rein in their pay this year as the economy is rocked by a cost of living crunch.
Freshfields outstrips Magic Circle rivals with record partner payouts of more than £2m July 27, 2022 The sums paid out to partners at Freshfields Bruckhaus Deringer have surged to record highs of more than £2m, after the Magic Circle law firm’s revenues jumped 10 per cent year on year. The centuries old law firm saw its profits increase for the sixth year in a row, after revenues surged to heights of [...]
Macfarlanes’ partner pay outstrips Magic Circle’s in surging to highs of almost £2.5m July 26, 2022 Partners at ‘Silver Circle’ law firm Macfarlanes are set to receive payouts worth almost £2.5m this year, after profits at the City firm surged. The bumper payouts mean partners at Macfarlanes will be handed sums worth significantly more than those paid out to top lawyers at London’s elite Magic Circle firms. Partners at the City [...]
Clifford Chance partners see pay packets surge to record highs of more than £2m July 19, 2022 Partners at Clifford Chance are set to see their pay packets surge to £2m for the first time in the law firm’s history after the Magic Circle law firm revenues surged by 8 per cent to highs of £1.97bn. Clifford Chance’s equity partners will take home a record £2.04m this year after the law firm’s [...]