Tag: LTIPs
Quarter of FTSE 100 companies cut executive pay
Covid-19 crisis sees renewed emphasis from investors on alignment between executive pay and wider workforce remuneration.
FTSE 100 CEOs ‘earn average worker’s annual salary in three days’
Top bosses will have earned an average worker’s annual salary by 5pm today, according to research into executive remuneration.
FTSE 100 CEO pay falls as investors retain focus on remuneration policy
Median pay dropped from £4m to £3.4m in 2018 as companies bow to shareholder pressure on remuneration policy, according to research from Deloitte.
Weir Group’s pay reforms could be ‘model for other companies’
Chairman of Weir Group’s remuneration committee writes of the need for chief executives to lead the way on executive pay reform.
Norway’s oil fund backs closure of LTIPs at Weir
The world’s largest sovereign fund has backed a proposal to end LTIPs at Weir Group in the hope of encouraging other companies to do likewise.
Persimmon’s mega executive payouts curbed by 50%
Persimmon executives agree to take bonus cuts, following widespread criticism of its tens-of-million-pound payouts lined up from its non-capped 2012 long-term incentive scheme.
Redrow chairman slams mega-payout for Persimmon CEO
A bonus scheme for Persimmon’s CEO and senior managers has been heavily criticised by Redrow chairman Steve Morgan, who claims that it is “very, very wrong”.
Persimmon CEO defends bumper bonus scheme
Persimmon chief executive offers defence of bonus scheme that caused resignation of both chairman and remuneration committee chairman.
Persimmon chairmen resign over executive pay cap omission
Housebuilder loses its board chairman and remuneration committee chairman after admitting they could have introduced a cap to the company’s controversial long-term incentive plan.
Investors turn the screws over toned-down executive pay awards
The Investment Association releases its review of remuneration principles, warning FTSE350 companies that it expects the trend for toning down pay awards to continue into next year.