London Stock Exchange Group plans to double CEO David Schwimmer's pay to £13.2M, facing potential shareholder backlash.
The London Stock Exchange Group (LSEG) plans to double CEO David Schwimmer's pay to £13.2M ($16.7M), from £6.3M, which may face backlash from shareholders. The exchange argues that the increase is necessary for global talent competition, but Glass Lewis, an advisor to major investors, suggests voting against the pay package due to bonus concerns. LSEG's annual general meeting is scheduled for April 25th.
April 06, 2024
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