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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 [...]
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’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 [...]
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 [...]
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.
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 [...]
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 [...]
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 [...]
The sums paid out to chief executives at the City’s major listed firms have bounced back to pre-pandemic levels, after jumping 30 per cent over the previous year to five year highs of £3.62m. The pay packages mark a return to levels last seen before the pandemic and a 30 per cent increase on the [...]
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 [...]
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