Resist the corporate lobbyists: FTSE 100 bosses do not need US-style bonuses | Nils Pratley

The idea that executive pay should reflect American remuneration to help retention has no basis in reality

The unofficial – but determined – campaign to allow FTSE 100 chief executives to be handed US-style megabucks pay packages has a new pin-up.

He is the familiar figure of Michael O’Leary of Ryanair, who isn’t running a Footsie company but is on course for a blowout bonus that, the megabucks lobbyists will argue, demonstrates the case for incentivising bosses with even bigger financial carrots. O’Leary is looking good for a €100m bonus under a 2019 scheme that required the airline’s share price to head to the moon, which it is almost doing to the necessary degree.

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from The Guardian https://ift.tt/4FHVrGY