Seems that anyone at or above Band K got a 0% sal hike this year, regardless of performance, and that performance ratings were only a factor for Bonus IPF. In yesterday's annual report though, it discloses CEO getting a 25% jump in fixed pay, in this economy. What are the reactions to this?
14 replies (most recent on top)
hehe giggle giggle, sounds like an underperformer is really upset with minimal bonus or an illogical trade unionist taking it out on the CEO. How do you know he screwed his senior management?
Come on....HR doesn't make those decisions!
So we've got to buy shares in the company now to have any opinion on pay of a CEO who decided to take a pay jump while screwing his own senior management? I think it's quite clear that such logic can only be from a brainwashed HR lady or lackey
Band I with a 200% bonus of your bonus target means little.
Should have read "heritage TR". Refinitiv and TR are cut from the same irregular cloth. If you can't see that, you are beyond help. Go back to your coma.
Do you mean Lackies? HR at TR? what year are you in, it’s 2021, we are LSEG. Never worked at TR or Refinitiv. Are you Having a breakdown?
Band K and above get paid sh–loads. No pay rise? Not crying about it personally. Only people generally heard crying are the underperformers , and sorry no tears for that bunch either. As a band I with 200% bonus I’m crying with happiness.
Dude, we never said HR decides pay. HR at TR is a weak dept who just does as told by sr mgt. No more and no less. Maybe your Mom and Dad didn't hold you enough. We said HR Ladies and Lackies. You seem to be the latter.
Err::::::::: HR don’t decide the CEO’s pay.
The Board of Directors decide the CEO”s pay overseen by an independent Chair. The board are accountable to Shareholders and Shareholders get to vote on CEO pay, it’s not a slam dunk. It may well get overturned. Best way to protest, buy shares and use your voting rights to vote against or ask the Board to explain themselves, an entitlement of any shareholder, contact the Board via the links on investor relations. I don’t think they read these blogs.
All that said, The Board have talked to the largest shareholders who have the largest block of votes, they’ve agreed to the pay rise in advance so they will vote for it.
At the year end, the board evaluate the CEO’s performance and decide his/her bonus - again nothing to do with HR.
Finally for all you s-xist stereotypers, not everyone in HR is a HR Lady.
To the HR lady justifying his hike: loads of employees in central support functions have also seen their scope go up from older LSEG or Refinitiv to the full scope of the company. They didn't get a pay rise because "they haven't delivered anything yet". This principle hasn't applied to the CEO though. So maybe try fooling someone else with your flawed logic about "commensurate pay rise"
Probably bonus pot will be -25% at end of year at current share price levels
The same guy has also overseen a fall in market share of epic proportions over the last 7-8 years. Where once Reuters then Thomson Reuters had a market share similar to Bloomberg they are now trailing far behind. Add in multiple restructures, loss of talent, loss of focus and a poor product line up and maybe -25% should have been the number.
Thanks HR lady for ur comment! So many HR Ladies and Lackeys troll on here.
He has gone from running a 2 billion a year company to a 8 billion a year - if that was me, I think 25% uplift is commensurate with the expanded role/accountability.