Topic filter : Remuneration

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.... . Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 01:21:15 PM
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....Fallon, who has pledged to use the bonus to buy shares in Pearson as a display of faith in the company, received 44% of his target bonus and just under a quarter of his maximum potential bonus. His total remuneration was up 20% on 2015’s £1. ... [Read full article on Guardian ]
Friday 24th of March 2017 03:30:57 PM
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....Shareholders in Crest Nicholson, one of the largest housebuilders in Britain, have voted against a pay deal for the company’s directors because of concerns that the performance targets were too easy. The rebellion means Crest Nicholson is the first major company this year to see investors reject its remuneration report, which is a major embarrassment. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 07:10:32 PM
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....The boss of British Gas’s parent company was handed a pay increase of nearly 40% last year, a raise Labour attacked as “astronomical” and a “kick in the teeth” for millions of families living in fuel poverty. Centrica chief executive Iain Conn’s remuneration jumped from £3. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:35:51 PM
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.... A Next-style analysis might be revealing. A 58% defeat for a remuneration report counts as a thumper, but Crest Nicholson cannot be surprised it happened. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 07:27:45 PM
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.... Staffing levels have got lower and lower, so we are run ragged and told on almost a daily basis that we need to make sure the customer surveys come back glowing. I am questioning whether I can continue with so much pressure put upon us team leaders with so little remuneration. ... [Read full article on Guardian ]
Friday 24th of March 2017 07:00:26 AM
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Latest Finance News related to Remuneration

Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....Fallon, who has pledged to use the bonus to buy shares in Pearson as a display of faith in the company, received 44% of his target bonus and just under a quarter of his maximum potential bonus. His total remuneration was up 20% on 2015’s £1. ...
How can I carry on as a store team leader now it is beyond stressful? image
Source : Guardian [Read Article] Friday 24th of March 2017 07:00:26 AM
.... Staffing levels have got lower and lower, so we are run ragged and told on almost a daily basis that we need to make sure the customer surveys come back glowing. I am questioning whether I can continue with so much pressure put upon us team leaders with so little remuneration. ...
What next for Next? Decline, if it comes, should still be profitable | Nils Pratley image
.... A Next-style analysis might be revealing. A 58% defeat for a remuneration report counts as a thumper, but Crest Nicholson cannot be surprised it happened. ...
Crest Nicholson to pay bonuses despite shareholder revolt image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:10:32 PM
....Shareholders in Crest Nicholson, one of the largest housebuilders in Britain, have voted against a pay deal for the company’s directors because of concerns that the performance targets were too easy. The rebellion means Crest Nicholson is the first major company this year to see investors reject its remuneration report, which is a major embarrassment. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....The boss of British Gas’s parent company was handed a pay increase of nearly 40% last year, a raise Labour attacked as “astronomical” and a “kick in the teeth” for millions of families living in fuel poverty. Centrica chief executive Iain Conn’s remuneration jumped from £3. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
.... . Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
. Britain’s biggest companies have been warned they face a wave of revolts in the forthcoming annual meeting season and risk a government clampdown on excessive remuneration unless they show restraint over executive pay. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
.... In many cases, shareholder engagement has led to significant changes to a company’s proposals on pay, with a number of the largest companies in the UK reducing future executive pay packets as a result. So far we have seen the tobacco giant Imperial Brands being forced to withdraw its remuneration policy vote at its AGM due to lack of shareholder support. ...
Sports Direct calls executive pay report 'fake news' image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:59:54 AM
....It added in a statement: "At the time of collation, PIRC's analysis of the ratio for the period under review was correct. Changes to the company remuneration scheme in subsequent periods will be updated in our 2017 annual review. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....Walmsley will be the most powerful woman in the pharmaceutical industry when she takes the helm next month after her promotion from head of GSK’s consumer healthcare business, whose products include Sensodyne toothpaste and Panadol painkillers. Urs Rohner, the non-executive director who chairs GSK’s remuneration committee, said: “Taking into account the fact that this is Emma’s first CEO role, reductions have been made to all elements of her remuneration package in comparison to Sir Andrew’s current arrangements. ...
Top executives may be brilliant – but their pay's about timing and luck image
.... Cutifani may be doing an excellent job, but common sense says the size of his likely windfall owes more to timing than to personal brilliance. Remembering last year’s 42% shareholder rebellion over precisely this possibility of a windfall gain, Anglo’s remuneration chair Sir Philip Hampton proposes a few tweaks to address what he calls “the issue of volatility”. ...
‘To fly, to starve’ – BA cabin crew deserve better | Letter image
Source : Guardian [Read Article] Monday 13th of March 2017 05:38:47 PM
....The spurious excuse of a tough trading environment used in 2010 is wholly implausible now, given the parent company’s (IAG) recent declaration of £2bn pre-tax profit, an increase of one-third on the previous year. BA’s professional and committed workforce should not to have “to fly, to starve”, while the CEO’s remuneration package soars to €8. ...
Anglo American caps bonus payouts after shareholder revolt image
Source : Guardian [Read Article] Monday 13th of March 2017 05:16:47 PM
....4m but now worth nearly £12m. Sir Philip Hampton, the non-executive director who chairs the remuneration committee, said: “We were determined to address investors’ concerns about the potential windfall gains for executive directors arising as a result of the volatility of the company’s share price and the mining industry more generally. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....6m payout is the last from the Leap scheme, which will be replaced with a less generous deal which investors expect to pay out less than £20m. The near £42m will be added to Sorrell’s salary, bonus and other extras when WPPpublish its annual report and will probably push his full remuneration for 2016to closer to £50m. ...
Business group calls for change to schemes giving tax breaks to 'select few' image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 12:01:00 AM
.... . Co-operatives UK says that two discretionary share schemes, the Company Share Option Plan and Enterprise Management Incentive, give breaks to a “select few” employees as part of their remuneration packages. ...
Australia Post CEO says he feels sorry for Pauline Hanson over pay controversy image
....The Australia Post chief executive, Ahmed Fahour, has labelled Pauline Hanson’s comments about his religion “sad” and said he “feels sorry” for her for making them during the national furore about his $5. 6m remuneration package. ...
Will Pirc squeeze Apple until the pips squeak? image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....Meanwhile Pirc is not confining its critiques to US tech firms. It also opposes the remuneration report of FTSE 100 software group Sage, whose annual meeting happens to be on the same day as Apple’s. ...
Australia Post chief resigns despite bumper profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 03:35:29 AM
....4m) last year, 10 times the salary of Prime Minister Malcolm Turnbull. The PM described the remuneration as "too high" with politicians saying it was excessive for a civil servant. ...
Australia Post's chief executive Ahmed Fahour resigns after pay row image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:05:42 AM
....The chief executive of Australia Post, Ahmed Fahour, has quit after a dispute with the Turnbull government about his $5. 6m remuneration package. ...
City watchdog investigating HSBC over potential financial crime, bank reveals image
....He described the FCA’s investigation as a section 166 reportwhich means a review by an independent firm that could lead to fines if wrong doing is uncovered. Cherkasky’s criticism that HSBC was too slow to improve its systems was taken into account when paying top staff: the part of Gulliver’s pay measured against compliance with financial crime received a 65% rating from the remuneration committee, compared with 75% a year earlier. ...
UK bosses face tougher punishments over corporate governance rules image
Source : Guardian [Read Article] Thursday 16th of February 2017 09:18:39 AM
....Long-term incentive plans used by companies to award shares to directors on the basis of three-year performance, should be overhauled and pay deals spread out over 10 years, the IoD’s new director Martin said. “Simplifying executive pay schemes, which are often unnecessarily complex, and extending payouts over longer periods would both help to restore confidence that remuneration is truly linked to performance,” he added. ...
Calling the latest Greek deal a sticking plaster does disrespect to the Elastoplast image
....This is what happened to Thomas Cook on Thursday, when Standard Life Investments, which owns a 13% stake in the holiday company, made clear its frustrations with the proposed pay rise for boss Peter Fankhauser. The Edinburgh-based fund manager not only voted against a number of the resolutions on pay but also against the re-election to the board of the non-executive directors who sit on the remuneration committee. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... Rather, Trump is in sympathy with the bankers, horrified at the scale of fines they are now paying – Wells Fargo paid a cool $185m. He is also scandalised that holding so much buffer capital and not being able to trade in securities is damaging the bankers’ personal remuneration. ...
Thomas Cook cuts boss's payout after shareholders revolt image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:37:47 PM
....In another concession, the company said it would consult major shareholders before the SSIP is used, and on its performance targets. Nearly 22% of shareholders also voted against the group’s future remuneration policy and 22. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
....It is joining the chorus of voices expressing concern about executive pay in a year in which large numbers of companies are putting their bonus deals to a binding vote – rather than an advisory one – at their AGMs. “We voted against two-thirds of remuneration reports that were proposed last year,” said Adam Matthews, head of engagement for the Church Commissioners – an investment fund manager that is a member of the Church Investors Group – and Church of England Pensions Board. ...
Deutsche Börse chief probed over €4.5m share deals ahead of LSE merger talks image
....The operator of the German stock exchange said on Wednesday that the Frankfurt public prosecutor’s office “today investigated at Deutsche Börse in respect of a share purchase by its chief executive officer which was carried out on 14 December 2015”. The share purchase was “in implementation of the executive board’s remuneration programme as approved by the supervisory board of Deutsche Börse”, it said. ...
Leading investor signals it may oppose City bosses' pay rises image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:02:54 PM
....With Imperial Brands having to abandon a resolution before its annual general meeting on Wednesday that would have led to a multimillion-pound a pay rise for its chief executive, Alison Cooper, major City investors appear ready to block huge renumeration deals during this year’s AGM season. Euan Stirling, head of stewardship at the Edinburgh-based fund manager, said: “The remuneration committee will have to be very persuasive, that all other things being equal, the chief executive should be paid more. ...
TalkTalk chief executive Dido Harding to step down image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:40:12 AM
....81m in 2015 despite the cyber-attack costing the company £60m and 101,000 customers. Her total remuneration was more than double the £1. ...
Deutsche Bank's $630m Russian fine reflects badly on banking | Nils Pratley image
....That explains the formal mechanics of the €10bn. But it does not explain why the German carmaker, whose board was one of the most highly paid in Europe when the emissions cheating was exposed, appears to have learned nothing about how to reform remuneration after a corporate calamity. ...
BT insists Italian scandal is under control as profits plunge image
Source : Guardian [Read Article] Friday 27th of January 2017 09:54:01 AM
....Patterson would not be drawn on whether he felt he should take some accountability by giving back any bonus payments. BT’s remuneration committee has launched an investigation into whether leading executives, including Patterson, should have any bonus payments clawed back for missing targets after the company delivered profit warnings for the next two years. ...
Does the Imperial revolt herald a new health warning for executive greed? image
Source : Guardian [Read Article] Thursday 26th of January 2017 01:29:10 PM
.... “The board continues to believe that revising the policy is necessary for retaining and attracting the right calibre of talent to ensure the continued sustainable growth of the business,” he says. Before he embarks on his mission to “re-engage” with shareholders, Williamson should take a cold look at how he and David Haines, the hapless chair of the remuneration committee, misread the mood so badly. ...
Tobacco giant Imperial Brands rethinks CEO's pay rise after revolt image
Source : Guardian [Read Article] Thursday 26th of January 2017 10:31:52 AM
....”. David Haines, who chairs the company’s remuneration committee, said the pay rise was needed – not just for Cooper but other executives – because it was “significantly below the average for companies of our size”. ...
BT shareholders will remember profit warning for years | Nils Pratley image
Source : Guardian [Read Article] Tuesday 24th of January 2017 05:47:06 PM
....The annual reports of the past two years describe how “full-scope audit work” was conducted in Italy, including visits in each year by the auditors PricewaterhouseCoopers. What went wrong? Why were two different teams of forensic accountants needed to get the full story? It is not only BT’s remuneration committee that should be examining “the wider implications” – so should the audit committee. ...
BT loses almost £8bn in value as Italy accounting scandal deepens image
Source : Guardian [Read Article] Tuesday 24th of January 2017 11:20:33 AM
.... As a result, profits would be £300m lower than previously expected. The Italian problems mean the company’s remuneration committee will examine bonus payments previously paid to leading directors, including the chief executive, Gavin Patterson, which were based on targets that may not now be met. ...
World's largest fund manager demands cuts to executive pay and bonuses image
Source : Guardian [Read Article] Sunday 15th of January 2017 01:39:14 PM
....One of the first companies to put their pay proposals up for the shareholder vote will be Imperial Brands at its annual general meeting on 1 February. David Haines, chairman of the the tobacco company’s remuneration committee, is recommending a hike in the pay package of its chief executive Alison Cooper, from £5. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
....The intervention by the Labour leader is an indication that the issue remains on the agenda, experts said. Oliver Parry, head of corporate governance at the Institute of Directors, said: “Boards must see today’s suggestion as a warning of things to come if they do not show they can moderate directors’ remuneration. ...
Basic shop disciplines deliver Morrisons a merrier Christmas image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:13:19 PM
.... OK, but why should Sir Martin Sorrell at WPP, whose key customers are other well-paid marketing executives, care about a government kitemark? Does anyone?. Second, executive pay could be signed off by remuneration committees on which workers have a majority, said Corbyn. ...
Maximum wage cap: how might it work? image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:11:32 PM
....That’s considerably weaker – but probably more practical – than legislating for a maximum wage, a policy Corbyn’s own former economic adviser Danny Blanchflower described as “idiotic”. Corbyn also floated other ways of using the government’s power to influence corporate behaviour, including a “kitemark” for companies whose remuneration policies had government approval, or a preferential tax system to reward them. ...
Deck the halls with share options: today is Fat Cat Wednesday | Anne Perkins image
.... But return on invested capital was up by less than 1%. It comes as no surprise to learn that return on invested capital is not the preferred measure of most remuneration committees. ...
Executive pay: 'Fat Cat Wednesday' highlighted image
Source : BBC [Read Article] Wednesday 4th of January 2017 12:11:42 AM
...." . "Effective representation for ordinary workers on the company remuneration committees that set executive pay, and publication of the pay ratio between the highest and average earner within a company, would bring a greater sense of proportion to the setting of top pay," he added. ...
RBS investors call for governance changes to improve transparency image
Source : Guardian [Read Article] Friday 30th of December 2016 08:06:35 AM
....The groups’ proposal was developed with Gavin Palmer, an outspoken RBS shareholder who interrupted the bank’s 2013 AGM to hand out a petition calling for a committee on the board. It comes after reports that the RBS remuneration committee was discussing plans to cut the maximum amount chief executive Ross McEwan could earn under his long-term incentive plan from £3m to £1. ...
RBS: Small shareholders demand a say in bank bosses' pay image
Source : BBC [Read Article] Friday 30th of December 2016 12:03:50 AM
....In November, the government issued a Green Paper to explore improving how companies are run. It proposed that a shareholder committee could be set up "to scrutinise remuneration and other key corporate issues such as long term strategy and directors' appointments". ...
Nearly 1,000 City staff  at four big US banks given €1m in pay deals in 2015 image
Source : Guardian [Read Article] Wednesday 28th of December 2016 05:34:51 PM
....The EBA’s data covered 2014, the first year of the cap that limits bonuses to 100% of salary, or 200% if shareholders approve. This has had the effect of shifting remuneration towards fixed salaries. ...
Bosses 'do not deserve bumper pay packets', study finds image
Source : BBC [Read Article] Wednesday 28th of December 2016 10:58:06 AM
.... . The study, commissioned by the investment association CFA UK, said the increase in executive remuneration was largely driven by performance-based pay. ...
'Negligible' link between executive pay and firm's performance, says study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:56:46 PM
....”. A green paper published by the government last month signalled that companies could be forced to give shareholders more power over executive remuneration, such as a binding vote at businesses where directors have faced “significant opposition” to their pay deals. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
.... He regularly comes to me for help and advice as he does not have my technical experience. How do I proceed now he has been promoted above me? Do I say “Sorry but I can no longer offer the help I have in the past”, or do I continue to help him and simply lump the fact that he is getting remuneration off my back?. ...
Spread betting firms end winning run as FCA clamps down image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:14:57 PM
.... Drax would look less like a hard-luck story and more like a solid business again. Defending Sir Martin Sorrell’s £70m pay package is not easy, but Sir John Hood, chair of WPP’s remuneration committee, could surely do better than pleading that the fixed salary component is just like any other chief executive’s. ...
Sorrell not on 'superstar' salary, WPP pay chief tells MPs image
Source : Guardian [Read Article] Tuesday 6th of December 2016 03:39:29 PM
....The chair of WPP’s pay committee has told MPs that Sir Martin Sorrell is not on a “superstar” salary, months after the chief executive faced a shareholder revolt over his £70m pay package for last year. Sir John Hood was taken to task over the scale of Sorrell’s remuneration by a committee of MPs investigating corporate governance and issues including executive pay and board responsibilities. ...
A junior colleague got the job I've been doing – should I still help him? image
.... He regularly comes to me for help and advice as he does not have my technical experience. How do I proceed now he has been promoted above me? Do I say “sorry but I can no longer offer the help I have in the past”, or do I continue to help him and simply lump the fact that he is getting remuneration off my back?. ...
Related to :
We need to rethink workers’ rights in today’s gig economy | Matthew Taylor image
Source : Guardian [Read Article] Wednesday 30th of November 2016 09:28:58 AM
.... Not only do the self-employed pay lower national insurance contributions, but unlike employees their labour isn’t subject to employer’s NI. If two people are doing the same task and earning the same basic remuneration on average earnings, the total tax paid to the state for the employee is about £2,000 a year more than for a self-employed contractor, or as much as £3,000 if they are working through their own company. ...
Tories' corporate reform proposals a far cry from May's radical pledge image
Source : Guardian [Read Article] Tuesday 29th of November 2016 06:38:40 PM
.... It now appears that even her plan to give shareholders an annual binding vote on boardroom pay could be destined for reinterpretation. The green paper says binding votes could apply to all companies or only to those that have “encountered significant shareholder opposition” to the remuneration report. ...
UK government defends apparent U-turn over workers on boards image
Source : Guardian [Read Article] Tuesday 29th of November 2016 09:37:39 AM
....Among the proposals for corporate reform could be the idea of publishing pay ratios – the difference between the chief executive’s pay and that of the workforce. The green paper will have three sections: one on remuneration, one on stakeholder engagement and a third that asks what elements of these should apply to private companies. ...
Theresa May to unveil boardroom crackdown on private big business image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....If stock market companies depart from corporate governance codes they are expected to explain why and the government could suggest that the largest privately owned companies adopt a similar practice under a newly created code of practice. The green paper will have three sections: one on remuneration, one on stakeholder engagement and a third that asks what elements of these should apply to private companies. ...
Theresa May should ignore objections to publishing pay ratios | Nils Pratley image
....As for the inflationary impact, that depends on the pay-setters. If Theresa May wants to change the make-up of remuneration committees or introduce an advisory panel of “stakeholders”, it’s up to those newcomers to resist any over-the-top pay demands by the executives. ...
Executive pay under unprecedented scrutiny – IoD chief image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....“At this point the need for change is a pragmatic, even more than a moral one. I am not talking about hand-wringing or words of contrition, I am talking about corporate awareness actually tempering remuneration decisions. ...
Executive pay: Companies could be forced to reveal pay gap image
Source : BBC [Read Article] Sunday 27th of November 2016 03:23:57 AM
.... . Other proposals include improving the effectiveness of remuneration committees and votes on pay packages. ...
Theresa May's executive pay reforms challenged by thinktank image
Source : Guardian [Read Article] Friday 25th of November 2016 11:03:07 AM
....A report by independent thinktank the Big Innovation Centre urged the prime minister to rethink the detail of plans to reform the UK’s corporate governance regime. The authors – including Bank of England chief economist Andy Haldane and Clare Chapman, remuneration chief of B&Q owner Kingfisher – cast doubt on the wisdom of binding shareholder votes on executive rewards. ...
Business leaders challenge Theresa May's pay proposals image
Source : BBC [Read Article] Friday 25th of November 2016 03:19:54 AM
.... Instead of traditional performance-related pay and cash bonuses, the report calls for more use of share awards stretching over 5-7 years. There should also be more transparency in how pay is set and more consultation with employees to explain how and why the remuneration is set, the report says. ...
Rising executive pay threatening reputation of big business – report image
Source : Guardian [Read Article] Monday 14th of November 2016 05:29:42 PM
. Executive pay is too high and risks damaging the reputation of big business, according to an influential fund management group which has drawn up ideas for reform that could reduce the overall remuneration package of top bosses. ...
YouTube's seven-year stand-off ends image
Source : BBC [Read Article] Tuesday 1st of November 2016 04:01:33 PM
....Gema said there remained disagreement about whether YouTube or the person uploading a clip was ultimately responsible for licensing the music it contained but the new agreement still marked a "milestone". "We remained true to our position that authors should also get a fair remuneration in the digital age, despite the resistance we met," said its chief executive, Harald Heker. ...
Sports Direct: Mike Ashley repeats defence of firm image
Source : BBC [Read Article] Tuesday 20th of September 2016 06:54:24 AM
....". He has highlighted the firm's additional remuneration scheme in recent years. ...
Sports Direct hears shareholder anger at annual meeting image
Source : BBC [Read Article] Wednesday 7th of September 2016 07:11:15 AM
....The sportswear firm also said it would continue to employ the boyfriend of Mike Ashley's daughter to run its property arm. "As previously disclosed, our property team will continue to be led by Michael Murray and his remuneration will be decided at the board's discretion," it said in a presentation released ahead of the meeting. ...
Adopt Swedish-style shareholder committee on pay, says MP image
Source : BBC [Read Article] Thursday 1st of September 2016 08:30:09 AM
....At another time, Chris Philp's ideas for the reform of executive pay might have fallen on stony ground. But the Conservative MP has chosen his moment well; when she was campaigning to lead his party, Theresa May singled out chief executive remuneration in her one speech on policy. ...
Neil Woodford scraps bonus pay at his investment firm image
Source : BBC [Read Article] Monday 22nd of August 2016 11:06:18 PM
....The best fund managers can earn millions of pounds in performance-linked bonuses. But following the financial crisis there has been increasing criticism of the links between remuneration and performance. ...

Revealed: RMT spends more than twice as much on staff and expenses as it does on members
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.... This is of immense benefit to the members but not classified as such for the purposes of the accounts. "The salary of the general secretary and the benefits and remuneration of the executive are democratically decided on by our members. ...

Home Secretary urges police forces to set out pay and perks of senior officers amid 'allowances' of up to £32,000 a year
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....Chairman of the Chief Police Officers Staff Association (CPOSA), Chief Constable Mark Polin, said the system had to strike a balance between value for money for the taxpayer and the need to recruit the best people for the top policing jobs. He said: "The CPOSA on behalf of all chief officers, has long sought clarity on the national remuneration framework, including allowances and annual leave, and continues to do so. ...
FTSE 100 bosses earn average of £5.5m a year, report says image
Source : BBC [Read Article] Sunday 7th of August 2016 11:17:27 PM
.... . Stefan Stern, director of the High Pay Centre, said the think tank's latest report showed there was "no end yet in sight" to the rise of FTSE 100 pay packages, adding that he was delighted by Number 10's interest in reforming the remuneration system. ...

Child sex abuse inquiry head Dame Lowell Goddard 'spent 70 days working abroad or on holiday in a year'
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....Dame Justice Goddard, who earns a basic salary of £360,000 a year, could receive more than £5 million in pay and perks amid fears hearings will drag on for a decade, The Telegraph disclosed last week. Her remuneration package, which includes numerous free flights home and a £110,000 a year rental allowance, has catapulted her to the top of the public servants’ paylist. ...

The BBC has bigger problems than Graham Norton's salary
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Source : Telegraph [Read Article] Tuesday 2nd of August 2016 09:30:00 PM
....It’s quite possible that Graham Norton is the BBC’s highest-paid star, on over £1 million. That would also quite probably make him the highest-paid public servant in the country – a remarkable fact, and one which surely makes it untenable for the BBC to keep Norton’s exact remuneration a secret. ...

Goddard Inquiry: New Zealand judge becomes Britain’s highest paid civil servant with £5m pay package
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....Dame Lowell Goddard, the New Zealand judge heading the Government’s child sex abuse inquiry, could receive more than £5 million in pay and perks amid fears hearings will drag on for a decade, The Telegraph can disclose. Dame Justice Goddard’s remuneration package, which includes numerous free flights home and a £110,000 a year rental allowance, has catapulted her to the top of the public servants’ paylist. ...
Fidelity backs Theresa May's executive pay plans image
Source : BBC [Read Article] Tuesday 19th of July 2016 11:45:25 PM
....Fidelity has continued to challenge companies that have not extended the holding periods for their LTIPs to five years or more. The fund manager has voted against at least one remuneration proposal at 55% of annual meetings of FTSE 350 companies this year. ...
Theresa May vows to put Conservatives 'at service' of working people image
...."We're the Conservative Party, and yes, we're the party of enterprise - but that does not mean we should be prepared to accept that 'anything goes'," she said. The coalition government introduced a law forcing companies to hold legally binding votes on future pay policies every three years, on top of the annual non-binding vote on the packages contained in that year's remuneration report. ...
They charge huge fees, but are fund managers really working for you? image
Source : Guardian [Read Article] Saturday 18th of June 2016 06:00:03 AM
.... “Deciding to pay CEOs in cash would allow directors to direct, while it would remove the myopic focus on stock price. ” They are withering about remuneration committees that approve bumper pay and share packages when there is no evidence that they improve long-term performance. ...
Top FTSE 100 bosses landed pay rises of nearly £100m in 2015 image
Source : Guardian [Read Article] Friday 10th of June 2016 12:52:16 PM
....The largest increase in terms of monetary value went to Sir Martin Sorrell, chief executive of global advertising group WPP, who experienced a shareholder revolt over his bumper pay deal this week. Sorrell’s remuneration leapt from £42. ...
Morrisons shareholders join protests over executive pay image
Source : Guardian [Read Article] Thursday 9th of June 2016 06:21:56 PM
. Nearly a fifth of Morrisons shareholders have failed to back the company’s remuneration report in the latest protest against executive pay. ...
Marks & Spencer cuts Marc Bolland's final bonus by 20% image
Source : Guardian [Read Article] Thursday 9th of June 2016 06:02:06 PM
....The board of Marks & Spencer took the unusual step of cutting Marc Bolland’s final bonus by a fifth, although the former chief executive still earned £17m over his six-year stint. Vindi Banga, the chair of M&S’s remuneration committee, said after weighing up the retailer’s overall performance during the year, particularly in light of project delays, it had “determined that the bonus for the chief executive be subject to a discretionary downward adjustment of 20%”. ...
Commons inquiry reveals machismo of retail wars image
Source : Guardian [Read Article] Wednesday 8th of June 2016 06:23:34 PM
.... Sorrell’s pay is out of the door already. Even if a majority of shareholders, rather than a third, had rebelled against WPP’s remuneration report, the company would have been compelled to do precisely nothing because the vote was advisory. ...
Sir Martin Sorrell at sharp end of investor revolt at WPP AGM image
Source : Guardian [Read Article] Wednesday 8th of June 2016 08:19:14 AM
....At the AGM in London, 33. 5% of shareholders voted against WPP’s remuneration report and 66. ...

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