Confronted by the huge salaries on offer in the US, London boardrooms are lobbying to be allowed to make their own bosses even wealthier
There was a sharp intake of breath last month when the pharmaceuticals group AstraZeneca cemented chief executive Pascal Soriot’s position as the best-paid FTSE 100 boss with a £17m pay package, up from £15.3m a year earlier. The latest award brings to £137m the amount he has earned since joining in 2012.
While it drew the anger of corporate governance experts, Soriot’s generous payout was just a fraction of the sums his counterparts at the biggest US companies take home. Sundar Pichai of Alphabet, Google’s parent company, stands as the highest-earning boss on the US-based S&P 500, with a $226m pay packet in 2022.
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