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Share performance 'not linked' to CEO mega-pay
Evening Standard
|September 18, 2024
SOME of the best paid CEOs in Britain have dramatically underperformed the stock market in the past three years, undermining the case for even higher pay for top executives.
Exclusive research by SCM Direct and the Evening Standard shows that the link between pay and share price performance is tenuous at best.
This comes amid a backdrop of calls for higher CEO pay, with some in the City claiming that London loses out on top talent because it cannot compete with the pay of American bosses.
Figures from the Economic Policy Institute show that CEO pay is up 1,460% since 1978. CEOs are paid 400 times more than a typical worker.
Despite this, some City voices talk of a “talent drain” away from the UK.
Denne historien er fra September 18, 2024-utgaven av Evening Standard.
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