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Tag: Justify

Firms will have to justify worker to boss pay gap

Firms will have to justify worker to boss pay gap

Business
Large firms will have to publish and justify their chief executives' salaries and reveal the gap to their average workers under proposed new laws. UK listed companies with over 250 staff will have to annually disclose and explain the so-called "pay ratios" in their organisation.The move comes after years of shareholder and public outrage over bumper chief executive pay at firms such as Persimmon, WPP, BP, Shell, Lloyds, Astrazeneca, Playtech and William Hill.Last week housebuilder Persimmon admitted a raft of failures that led to an embarrassing shareholder rebellion over pay as MPs slammed an "egregious" pay deal for top bosses worth over £100m.The company's chairman and the head of the remuneration committee resigned after anger over their bonuses:: Persimmon bo...
Firms will have to justify pay gap between workers and bosses

Firms will have to justify pay gap between workers and bosses

Business
The country's biggest public businesses may soon have to publish the gap between the pay of their chief executive and an average worker.Business Secretary Greg Clark says directors of all companies with more than 250 employees will be required to disclose and explain this difference - known as the "pay ratio".Equal pay campaigners, business and investor groups welcomed the plan.But the TUC said it was "a first step" and even tougher rules were needed.In recent years shareholders have become increasingly vocal over executive pay levels, and have voted against what they see as excessive pay awards, most notably the high sums paid to former WPP boss, Sir Martin Sorrell. But top level remuneration, particularly chief executives, is often linked to the perform...
UPI Horse Racing Weekend Preview: Justify eyes Preakness Stakes

UPI Horse Racing Weekend Preview: Justify eyes Preakness Stakes

Sports
The sun didn't shine on My Old Kentucky Home on Derby Day this year and it's unlikely to shine on Saturday's Preakness, either. But for Derby winner Justify, the rain disappeared as he took the track at Pimlico for the first time. The Peakness, middle jewel of the Triple Crown, is the highlight of another massive international weekend of Thoroughbred racing. Pimlico has a full slate of stakes supporting the Preakness with additional important racing on both coasts and at Arlington Park. Red Lion has already roared at York in England, staking his claim to Derby consideration. Yet to come is the Group 1 Lockinge at Newbury with Rhododendron set to bloom. The 3-year-old fillies -- and some of their first-crop sires -- shine in Japan. But first, back to Old Hilltop. The Triple Crown A field ...