BT boss Gavin Patterson wins £1.3m bonus May 21, 2015 BT chief executive Gavin Patterson received a £1.3m bonus on top of his £950,000 base salary for the last financial year, it was revealed yesterday. Patterson took home a total package worth more than £4.4m, up 5.7 per cent on last year. His bonus was 58 per cent of the maximum he would have been [...]
Accountants’ bonus pool rises by five per cent May 11, 2015 Alright, so Tesco may have dumped PwC – but it's still a good day to be an accountant, after new research showed those working in the sector will get a share of almost £1.2bn this year, five per cent higher than the £1.1bn shared this time last year. The research, by finance recruiter Marks Sattin, [...]
Ex Morrisons chief Dalton Philips pockets £1m bonus April 28, 2015 Former Morrisons chief executive Dalton Philips, whose last year in the role saw the supermarket cut its dividend amid large losses, is being given a £1m bonus for 2014/15. This comes on top of his base salary of £850,000, and other benefits including his pension. In total, Philips will take home almost £2.1m. [...]
UBS shareholders to hold vote on executive pay and bonuses April 1, 2015 SHAREHOLDERS of Swiss investment bank UBS will be able to vote on the pay of its directors and top executives at its annual general meeting (AGM) in May. The company said shareholders would be able to vote on variable compensation – mostly bonuses – for the main executives in 2014, and regular pay for them [...]
US bankers’ bonuses still leave UK and European staff trailing April 1, 2015 BRITISH bankers receive smaller bonuses than their Eurozone and Swiss rivals, and are utterly outstripped by high-paying US banks, according to figures out today from Emolument. The average investment banker at UK institutions received £126,000 in 2015, up four per cent on the year. But the salary benchmarking site shows this is £10,000 below Eurozone [...]
Missed financial targets at RSA wipe a third off of Stephen Hester’s bonus March 23, 2015 RSA chief executive Stephen Hester has been granted 68 per cent of his potential bonus, with missed financial targets mostly responsible for the loss of nearly one third. Hester’s £939,000 bonus took his total remuneration for 2014 to £2.12m, according to the company’s annual report released yesterday. Hester became embroiled in several pay scandals as [...]
Henderson Group fund managers get bumper bonus March 18, 2015 Staff at investment firm Henderson Group saw their bonus pool increase to £144m after seeing a 22 per cent rise in management fees during 2014. Henderson said the increase in the bonus pool was a reward for strong net flows, investment performance and business performance and marks an 11 per cent rise on last year. [...]
Barclays halves bonus payouts for top executives March 17, 2015 Barclays has slashed the payouts to its top bosses by half, yesterday revealing that the group of executives at the head of the bank received £16.5m in shares for deferred bonuses and new awards. That is a dramatic fall from £31.8m a year earlier, reflecting both the increased crackdown on payouts, and a shift away [...]
Bonus at John Lewis drops on Waitrose sales March 12, 2015 JOHN Lewis Partnership slashed staff bonuses to 11 per cent of pay, the lowest level for 12 years, after profits fell at its grocery chain Waitrose. The partnership’s 93,800 employees will receive a total pay out of £156.2m, which is equivalent to nearly six weeks’ salary. The supermarket price war, a deflationary market and a significantly [...]
John Lewis Partnership slashes bonus as Waitrose profits fall March 12, 2015 The John Lewis Partnership, known for its generous staff incentives, has slashed the bonus payout to its partners after a hit on profits at its upmarket grocery chain Waitrose. Staff will receive a bonus of 11 per cent of their annual salary, down from last year's 15 per cent – the third annual decline in a row. [...]
