Comments on rumours that David's the ceo pay package to increase to £11m from £6.25.
11 replies (most recent on top)
The remuneration committee should ask the staff of LSEG what percentage rise he should receive. They would say either the same percentage as them or less. There is a limited pot of money for pay, so to fund his proposed pay rise all employees will pay (either through losing their jobs or getting a smaller pay rise). If he accepts such a huge pay rise it shows he doesn’t care what employees think of him. Like Anna Manz the CFO who took a massive percentage payrise, he will soon be plotting to leave as he realises his entire staff think he is a money grabbing hypocrite. It is pretty difficult to command respect from the moral gutter.
See https://www.bloomberg.com/news/articles/2024-04-08/lseg-chief-s-potential-13-2-million-pay-package-draws-scrutiny
This is the man who shamelessly defended forced ranking and regular rounds in an all-hands once. LSEG’s nasty banker looter culture is a thing because the fish rots from the head. If this odious banker had any shame at all, the next synergy he should find is himself.
Deserves every penny. Head of an 8B company. Works every hour under the sun so you get a bonus.
They want to match industry equivalent CEO pay on a global basis according to the FT… The question is this can they do that for all positions in the business? No, thought not… Just be happy with your global parental leave… AI will be doing all the work in the not to distant future, be careful of the efficiencies you wish for.
It’s unbelievable arrogance. Let’s do not join next town hall. Just a messages.
Will there be a clawback once the smoke dissipates and the City finds out how bad things really are?
How many LSEG people have him and his leadership team have got rid of to pay for that? No one is worth that kind of money other than premier league footballers where there is a genuine market based on actual measurable performance. All this rot about needing to pay more in London for CFOs is self serving propaganda perpetuated by the c-suite elite in their cosy little bubbles. Plenty much more suitable people to do the job who aren’t greedy narcissists.
What utter rubbish! Many FTSE CEO’s and top directors are “overpaid” based on what they deliver! If they want more pay they should demonstrate brilliance, competence, strategy and double shareholder value/ dividends.
Will the rest of us get similar increases?
Let him leave there are a lot of people who can take over and go a better job.