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...The intervention by the world’s largest proxy advisers comes as CEO pay has become a flashpoint in the debate over how to persuade more companies to list in London....
...“I would argue that Reddit’s board did not create a compensation package to incentivise its CEO to grow stock value significantly post-IPO,” he said....
...— despite several shareholder revolts against bosses’ pay at some of the UK’s biggest companies....
...Influential shareholder advisers ISS and Glass Lewis recommended that shareholders block the pay package for the company’s long-standing CEO, with Glass Lewis saying the scale of the increase in incentive-based...
...The rise is part of a new executive pay policy that the company, which has had four CEOs in five years, has asked investors to back in an effort to reduce turnover in its top ranks....
...But are large companies and/or their CEOs really going to leave the UK just because of the lower average executive pay levels?...
...Shareholders will vote on Thursday on whether to double the pay of chief executive David Schwimmer from £6.25mn to £13.1mn....
...AstraZeneca shareholders approved a potential £1.8mn pay rise for chief executive Pascal Soriot, despite a significant investor revolt against a pay increase advisers had called “excessive”....
...Shareholders will vote later today on a plan to raise Soriot’s pay by £1.8mn to a maximum of £18.7mn in 2024....
...In a regulatory filing on Friday, Boeing said Calhoun had been granted a bonus in February 2023 that would boost his total pay above the level of previous years....
...for its CEO is up for a vote next week....
...Citigroup lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn for her work, despite the bank’s profits falling almost 40 per cent amid a reorganisation....
...Unusually, Smith & Nephew will not raise the pay of its UK-based chief financial officer, underlining differing pay packages between the US and UK....
...Moynihan’s pay also lagged rivals....
...“The company has underperformed over CEO Calhoun’s tenure,” ISS said last year. Separately on Thursday, US Senator Tammy Duckworth heaped further criticism on Boeing....
...De Montessus was the highest paid CEO in the FTSE 100 in 2021, despite Endeavour being a fraction of the size of the index’s largest companies....
...Ocado has suffered a shareholder revolt over a new pay scheme that includes a bonus share award of up to £15mn for co-founder and chief executive Tim Steiner....
...On Tuesday SES announced it would pay $3.1bn in cash for all of privately held Intelsat....
...British companies already face pressure over the gap between CEO pay and ordinary workers....
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...JPMorgan’s Jamie Dimon, whose bank reported record profits for 2023, had his pay rise about 4 per cent to $36mn, while Morgan Stanley’s James Gorman, who stepped down as CEO at the start of 2024, was paid...
...SXSW, the Austin-based festival/occasional tech conflagration, is struggling with blowback because of the US Army’s “super sponsorship” of the event: And now this CNBC interview with Palantir CEO Alex Karp...
...Pay experts warned these types of situations created problems down the line — for example if a US divisional head is a future CEO candidate....
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