-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
UK bank CEOs paid much more than employees
    2019-02-26  08:53    Shenzhen Daily

THE top bosses of Britain’s biggest banks are paid on average 120 times more than the median pay of their U.K. employees, bank documents have shown, as a new rule puts pay disparities at the country’s big businesses under sharper scrutiny.

Britain’s biggest domestic lender Lloyds Banking Group has the starkest pay difference, with chief executive Antonio Horta-Osorio — the sector’s highest-earning boss in 2018 — on 169 times as much as the median paid employee on 37,058 pounds (US$48,164), the company’s annual report showed last Wednesday.

The gulf widens to 237 times when compared with staff in Lloyds’ lowest pay quartile, who received an average pay package of 26,490 pounds in 2018, compared with the 6.3 million pounds Horta-Osorio took home.

The banks made the disclosures alongside full-year results over the past fortnight, ahead of new reporting requirements coming into force next year that oblige firms to set out the ratio of CEO pay to a median U.K. employee and those in the lowest and upper pay quartiles.

HSBC had the next largest pay disparity, with new chief executive John Flint pocketing 4.6 million pounds last year — 118 times as much as its median paid employee in Britain. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn