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This was due to Dacre giving up his usual annual salary supplement of at least £500,000 to start participating in an annual long-term incentive plan (LTIP) designed to make his remuneration "more directly linked to the overall success of the business".
Bootle rubbished the usual argument used by remuneration committees and pay consultants to justify high executive pay – that big companies are now hiring from a global talent pool and have to pay the going rate.
IDS warned that the "business as usual" approach of FTSE remuneration committees, after such a short period of restraint, risked upsetting shareholders.
Shareholder activist body Pirc, which advises institutional investors on how to vote at annual meetings, urged clients to abstain from voting on the remuneration report, although it acknowledged the bank had "gone far beyond" its usual practice in outlining its pay plans this year.
We want remuneration.
Remuneration is tricky terrain.
MPs need "adequate remuneration".
No remuneration was involved.
"The remuneration was $15.
for payment of equitable remuneration.
BIRON What is a remuneration?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com