#executive-pay

#executive-pay

Lloyds Banking Group boss, Charlie Nunn, could be in line for a maximum annual pay packet worth more than 13m, as he becomes the latest boss to benefit from the UK's controversial decision to lift a cap on banker bonuses. The bank's remuneration committee has begun drafting a new three-year executive pay policy that, for the first time, will take advantage of looser pay rules that have sent potential payouts soaring at rival banks.

UK-listed companies will be able to bury controversies over executive pay for the first time in eight years, a thinktank has warned, after the Labour government shut down a public tracker meant to curb abuses and excess in the boardroom. The public register was launched under the Tory prime minister Theresa May in 2017 to name and shame companies hit by shareholder revolts at their annual general meetings (AGMs). That included rebellions over issues such as excessive bonuses or salary increases for top earning bosses.

Norway's sovereign wealth fund has said it will vote against a $1tn (765bn) pay package for the Tesla chief executive, Elon Musk. The fund, which is the biggest national wealth fund in the world, said that while it appreciated the the significant value created under Mr Musk's visionary role it would vote against his performance award. We are concerned about the total size of the award, dilution and lack of mitigation of key person risk consistent with our views on executive compensation, it said.

Andy Mitchell CBE's pay for the year to March 2025 surged to 2.5 million, up from 1.9 million the prior year, amidst rising project costs.

Brendan McDonagh, the chief executive, waived his right to a performance-related bonus, demonstrating a commitment to transparency amidst public scrutiny over his salary.

The C-suite at Alphabet collectively earned over $215 million for 2024, with CEO Sundar Pichai being the least paid among them at $10.725 million.