CEO pay: how much money is too much?
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Stories that connect modern business. Certified B Corporation. PPA Business Media Brand of the Year 2022.
Every annual report season, the sums paid to FTSE 100 bosses hit the headlines, with campaigners branding them?“unjust”?and?“obscene”. Is such criticism justified?
While the rewards might seem more than adequate to most people – an average of ￡4.3m in annual salary including bonuses and benefits – boards would actually like to pay their CEOs much more.
Leading a FTSE 100 company arguably makes you one of the most powerful people in the UK, responsible for decisions that affect the lives of millions. Does that justify the vast sums they are paid? Clara Murray investigates. Read more.
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Elon Musk?has been the CEO of Twitter since he bought the company for $44bn last year. But it doesn’t look like a job he has particularly enjoyed, describing it as “painful” and anyone who would take over from him as “foolish”. However, he has now managed to find such a person, with Linda Yaccarino set to join in around six weeks from NBC Universal, where she served as the broadcaster’s chair of global advertising and partnerships.
Yaccarino is joining the company at a crucial time. Rohan Banerjee takes a look at the four key issues she needs to deal with?quickly. Read more.
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1 年In the conversation around CEO compensation, it's important to recognise the immense responsibility and risk these leaders shoulder. The CEOs of FTSE 100 companies are not only the public faces of their organisations but also represent UK businesses on a global scale. They make decisions that affect millions of lives, and the stress and personal sacrifices that come with the job can be significant. Moreover, the competitive landscape for talent is intense, and there's a real risk of losing top executives to companies that offer more attractive compensation packages. Boards must, of course be careful to strike a delicate balance to attract and retain exceptional leaders while also considering shareholders' expectations and public sentiment. It's also worth noting that UK-listed businesses operate under some of the world's strictest remuneration standards, with a high degree of transparency in executive pay. Even with these standards, the average pay of FTSE 100 CEOs is considerably less than their US counterparts indicating that maybe their pay is not so unbridled? ??