Lloyds hit by investor backlash over executive pay package May 21, 2020 Lloyds was left reeling from a shareholder revolt today after more than a third of investors voted against the bank’s pay policy for top executives. The investor backlash came after influential proxy adviser group ISS recommended voting against the changes to the policy amid concerns it will all but guarantee long-term bonuses. While the rebellion [...]
The gender pay reporting rules have been waived due to coronavirus March 24, 2020 The annual reporting of gender pay gaps at UK businesses will not be required this year. The Equality and Human Rights Commission and Government Equality Office made the announcement as the country comes to terms with unprecedented restrictions to combat coronavirus. Last night, the Prime Minister announced wide ranging restrictions on social interaction to prevent [...]
A quarter of FTSE companies faced shareholder dissent in 2019 February 20, 2020 Investors cranked up the pressure on British companies last year, with a quarter of firms on the FTSE All-Share hit by shareholder dissent, according to new figures. Some 158 of the 641 firms on the index experienced significant investor rebellions in 2019, with executive pay and the re-election of directors among shareholders’ biggest concerns, according [...]
DEBATE: Could bringing back bonuses help make pay fairer? January 10, 2020 Could bringing back performance-based bonuses help make pay fairer? YES, says Giles Gibbons, chief executive of Good Business, an ethical strategy consultancy. News this week that FTSE 100 bosses earn a typical worker’s wage in just 33 hours angered people across the UK — something has to change. And counter-intuitive as it may seem, bringing [...]
How to ask your boss for a pay rise in 2020 January 8, 2020 January is one of the busiest hiring months of the year, as many people re-evaluate their career options over the holiday period. Perhaps you enjoy your current job and don’t want to leave it, but would quite like a pay rise. If you believe that you’re working above your pay grade and are consistently producing [...]
All we want for Christmas is a pay raise — or an office cat December 18, 2019 At this time of year, many of us will have fond memories of writing festive wish lists in the fervent hope that we’d been good enough to receive a visit from the big man in red. Fast-forward a couple of decades, and while we still have wishes for the festive season, a few of these [...]
How to tackle stress like an Olympic athlete October 9, 2019 C-suite stress is the hidden ticking time bomb of business. With markets set to become even more volatile, the psychological impact on the leaders of Britain’s biggest firms cannot be underestimated. Just as we expect athletes to perform under stress, chief executives will be required to make critical decisions in the face of extreme pressure. [...]
DEBATE: Is the Thomas Cook boss right to defend his high pay? October 1, 2019 Is Peter Fankhauser, boss of now-collapsed Thomas Cook, right to defend his high pay and bonuses? YES, says Benedict Spence, a freelance writer. It never sits well, watching those high up the corporate ladder gorge themselves as companies go under. But the case of Peter Fankhauser and Thomas Cook isn’t quite as clear cut as [...]
Keep your wits about you, it’s not easy to navigate this tyrannical political jungle May 30, 2019 Any country that forced its citizens to spend over 40 per cent of their time working for those in power would be roundly condemned as a slave state and the most appalling tyranny. Yet this is the effective reality in Britain. Just over two fifths – 40.94 per cent – of everything the nation earns is [...]
Walmart faces challenge over executive pay and harassment policy May 27, 2019 Asda owner Walmart is facing pressure to make changes to its executive pay and sexual harassment policy as two proxy advisers recommended shareholders vote against the company at its annual meeting next week. Glass Lewis has recommended that shareholders vote against the retail giant’s executive pay proposals, saying “overall, the company paid more than its [...]