Prince Harry’s role at $5bn life coaching firm at centre of employee anger over ‘sneaky pay cut’ Duke Anger Employees at a life coaching and mental health firm have questioned the role of Prince Harry as its “chief impact officer”. Staff at $5bn Silicon Valley company BetterUp have complained about the Duke of Sussex’s high-profile role, as it implements a payment restructure which staff have claimed amounts to a “sneaky pay cut.” It did [...]
Grant Thornton partners see pay boosted by 35 per cent following boom in M&A activity Grant Thornton Partners at Grant Thornton saw their pay jump 35 per cent last year after the London accountancy firm posted bumper profits on the back of a boom in mergers and acquisitions. Average profits earned by partners at accountancy giant Grant Thornton jumped from £451,000 in 2020 to highs of £611,000 in 2021. The 35 per [...]
Boardroom bloody noses: Activist activity surges as FTSE firms feel the heat over pay and director votes Go down fighting There were plenty of bloody noses around FTSE boardrooms this year, with new data out today showing a surge in investor activism rattling remuneration committees over pay awards and spooking directors trying to get re-elected to their posts. Investors in FTSE 350 companies are increasingly more activist, with a 29 per cent surge in shareholder [...]
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Bouncing back: Median basic pay stabilises after worst year in a decade August 19, 2021 Median basic pay increases between May and July 2021 were worth 2 per cent, unchanged on the figure seen in each of the three previous rolling quarters. However, this is a welcome stabilisation on pay after the median pay award fell to nil in the same period a year ago, according to data from legal compliance platform XpertHR, [...]
Workplace gender parity pushed back four years by Covid-19 pandemic July 14, 2021 UK workplaces are failing to make progress in gender diversity, with the Covid-19 pandemic pushing representation in executive positions back by four years. Diversity consultancy The Pipeline said career prospects for women were “desolate” in its annual assessment of gender diversity in FTSE 350 companies. The predicted year for gender parity in the UK was [...]
Sainsbury’s investors revolt over executive pay amid £261m loss July 9, 2021 Almost a fifth of Sainsbury’s shareholders rejected the supermarket’s renumeration report on Friday in the latest investor revolt against executive pay. It comes a month after it was revealed that CEO Simon Roberts took home a £583,000 bonus in his first nine months at the helm of the British supermarket, despite the company posting a [...]
Executive pay gap: Men get paid 23 per cent more than women at director level June 14, 2021 Senior men get paid up to 23 per cent more than women, according to new research shared with City A.M. this evening. The gender pay gap is particularly substantial in senior positions and can be as high as 23 per cent for directors, while the associate level stands at 9 per cent, according to data [...]
Sunday Times Rich List: Who came out on top among a record 171 billionaires? May 21, 2021 Sunday Times Rich List: Record 171 billionaires in the UK, so who came out top?
Low-wage employers including Coca-Cola and Hilton hiked CEO pay during pandemic May 11, 2021 Over half of the 100 companies in the S&P 500 Index that pay out the lowest median wages increased CEO salaries last year, according to a report published today by the Institute for Policy Studies. The left-leaning policy group said 51 companies identified boosted chief executive pay by adjusting the rules for assessing executive performance [...]