Global CEO appointments: A very domestic issue
Tuesday 12 February 2013
The High Pay Centre
32-36 Loman Street
London SE1 0EH
When Sir Martin Sorrell, the chief executive (CEO) of the media company WPP, was asked in 2011 to justify his own pay package, he asserted that his company was forced to compete internationally for top executives. “"Look at what chief executives of media companies are paid in other parts of the world,” he said. “We are a worldwide company; we are the leading company in our industry. The comparison, whether you like it or not, is with other companies in the world.”
Pay consultants, headhunters and others who seek to justify high pay routinely refer to this supposed global market for executive talent, and to the dangers of a brain drain of allegedly precious individuals if compensation levels do not reflect what they claim is the highly competitive nature of this market. If this view holds sway, CEO packages throughout the world would have to equal those offered in the market where overall remuneration is highest, the United States.
In a new High Pay Centre report, David Bolchover has examined the top 500 global companies and the international appointments they have carried out. In this seminar, David Bolchover will present his findings and discuss the implications of them on the executive pay debate.
David Bolchover is a management writer. He is the author of three high-profile business books – Pay Check, The Living Dead and The 90-Minute Manager – and has published numerous articles on a broad range of issues relating to management and the workplace.
This event will be held at the offices of The High Pay Centre.
Closest tube station: Southwark and London Bridge
Map & directions available here.
The event is free of charge but places are limited.
To reserve a place, please send us an email.
Since the start of this year the average FTSE 100 CEO has earned:
Film: Inequality in the UK
- Can we close the pay gap?
HPC director, Deborah Hargreaves, argues in the New York Times that we need workers on boards to tackle huge corporate pay gaps
- High Pay Centre and partner organisations write to Financial Reporting Council
HPC, together with other investors and pay analysts, writes to regulator over concerns that companies are not fully complying with regulations on executive pay. Regulator responds to our concerns
- Winners and Losers: the great privatisation game
Who has benefited from the Government's privatisation programme: the public or top executives?