LSEG chief in line for salary bump
London Stock Exchange boss set for multi-million-pound pay rise despite listings slump
The boss of the London Stock Exchange Group is in line for a multi-million-pound pay rise despite a drop off in new listings and fears over the future of its flagship bourse, according to reports
LSEG, the owner of the London Stock Exchange, is consulting with shareholders about a new pay packet for its chief David Schwimmer that could almost double his current pay, Sky News reported today.
Schwimmer reportedly made around £4.7m last year including a base salary of £1m, a £1.4m annual bonus and around £2m in long-term incentive awards.
The proposals could see his annual bonus opportunity increase from 225 per cent of his salary to 300 per cent, Sky News reported, citing unnamed sources. The pay rise has been communicated to around 100 investors during private discussions and the response had been roundly positive, according to the report.
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