P&G Chief sees pay climb 12 % to US$22.9 million
THE WHAT? The CEO of Procter & Gamble, David Taylor, noticed his complete compensation climb 12 % final yr to US$22.9 million, in accordance with a report revealed by the Cincinnati Enquirer, quoting federal disclosures.
THE DETAILS That sum is made up of US$1.7 million in take-home pay (+three % yoy), US$6 million in a bonus (+11 % yoy), US$14.6 million in inventory and choice awards (+11 %) and the equal of US$511,000 in job-related perks (+22 %).
THE WHY? Taylor’s pay is commensurate with the US FMCG big’s newest set of outcomes, which noticed earnings climb eight % and gross sales rise 5 % regardless of the context of the Covideconomy. It’s additionally in keeping with the continuous rise in government pay, which has soared 940 % over the past 40 years. Nonetheless, with redundancies rife and compelled pay cuts frequent, such a steep rise isn’t the best PR story. Is executive pay due a rethink?