Increased executive wages in the United Kingdom exceeds American competitors

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The salary packages have grown to the President of the UK CEO faster this year than those of their American competitors, as British companies are racing to fill the gap.

Medium wage at FTSE 100 Companies It reached this year by 11 percent to $ 6.5 million, compared to an increase of 7.5 percent for American executives, according to ISS-Corporate data, a section of institutional shareholders’ services. The data includes 320 S&P 500, which was reported until April 21.

The average UK’s average wage is diminishing compared to the United States, with more than $ 16 million, on the right track to obtain another record.

“It seems that the campaign by Big Bisor and Finance Lobby for High CEO Pay Awards are convinced of many shareholders,” said Luc Hilddard, UK’s thought center director. He said that the culture of US salaries contributed to “very wide economic inequality.” “Do they really want people in business and finance to repeat this in the United Kingdom?”

For years, the British PLCS has prompted CEOs with smaller shares compared to the United States, concerning the competitiveness of the London -listed companies. Now, FTSE companies are racing to catch up with knees By increasing the reward, rapid tracking In annual meetings this year.

The GSK pharmaceutical group has proposed to increase the possible CEO of CEO of Emma Walmsley to 28.6 million dollars annually if it achieved certain goals. The shareholders are expected to support the proposal at the company’s annual meeting on May 7. It was paid $ 15.3 million in 2024, ISS data appears.

The shareholders have already agreed to an increase in wages for the CEO of British tobacco Tadeu Marroco. he You can get up to 24.1 million dollars If the company strengthens its profit, and if its share price rises by 50 percent over a period of three years. He was paid $ 14.1 million in 2024, according to ISS.

Changes confirm the shift to provide greater salary packages to improve performance and indicate a change in the mood between shareholders to support more competitive rewards of the UK CEO.

The UK Investment Association, a commercial group, brought together last year its position on Executive wagesGiving companies more freedom to design the wage for their own circumstances. On the other hand, investors want to reveal how companies evaluate their salaries against their peers in other groups.

In the United States, corporate and options prizes include 70 percent of wages. Although the executive director’s rewards usually include financial performance measures, some companies grant payment even when the share price has decreased. ISS said that the CEO increases this year at 50 groups of the S&P 500 group, where the total shareholders ’return last year decreased.

The price of Moderna, Covid-19 vaccine maker, has sank to its lowest level since March 2020 as memories of the epidemic. However, the company granted one -time shareholder to the President of the Finance Director James Mock and the chief legal officials, Shannon Thim Klinger, a total of $ 12 million each.

The conversation said in the organizational deposits: “These special prizes were paid” to keep and motivate these main leaders, especially in light of the decrease in our share price. “The salary of the CEO of Stéphane Bansel increased to 19.9 million dollars from $ 17 million.

Glass Lewis adviser recommended voting for shareholders against Moderna’s payment plan at the company’s annual meeting on April 30.

Moderna did not respond to the suspension requests.

George George, a professor at the Faculty of Law at Imori University, said that the growing political tensions in the United States this year are unlikely that investors are “more rebellion against the salaries of the CEO.” Wednesday, Goldman Sachs The shareholders agreed $ 80 million bonuses for two executives, despite the falling support to the lowest level in nine years.

“The asset managers are in a backward position and get the following,” Georgiv said.