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Executive director of British tobacco could receive up to £ 18.2 million in the new three-year salary contract, making it one of FTSE’s highest bosses while large British companies are moving to tear the gap pay with US rivals.
Rothmans manufacturer and a happy cigarette strike said in his annual report on Friday that, according to the newly discovered incentive scheme, Tadeu Marroco would only get the maximum if bat hit certain goals – such as an increase in the profitability of cigarette alternatives – and if IMO is the price of shares increased by 50 percent over three years.
Marroco, which is the CEO of May 2023, will be guaranteed at least £ 1.8 million pupils, pensions and fees a year, the company said. He received a total of £ 6m last year.
The new contract for Marroco is coming because several large companies with a list in the UK increased his salary for the best executives to try to compete with the USA, where earnings can be much higher.
London Stock Exchange Group provided a shareholder agreement last year double the salary of David Schwimmer chief to a maximum of £ 13.1 million. Astrazeneca also won the approval for a To increase wages for his Pascal Soriota directorpotentially increasing his fee at £ 18.7 million and the Smith & Nephew Will CEO receive This year up to $ 11.8 million if all goals are fulfilled, an increase of 29 percent on its previous maximum.
“The increasingly competitive global market for older talents has resulted in increasing pressure from the salary. . . With many candidates based in the United States, we notice that payment inequality are particularly visible with stimulating capabilities, which are usually far above the typical levels of the UK, “Bat said in its annual report.
He added that one third of his older employment has been from the US in the last three years and that he had a “elevated vacant job rate at a higher-management level, with extending time to rent.”
The shareholders will vote on the new salary contract, which was first reported in the Sunday Times, at the annual company of the company in April.
