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”FT boss to give back part of $3.3 million salary after staff complain“

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Old Today, 12:38 AM   #1
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”FT boss to give back part of $3.3 million salary after staff complain“

https://sg.yahoo.com/finance/news/ft...125013517.html




LONDON (Reuters) - Financial Times Chief Executive John Ridding is to give some of his 2.6 million pound ($3.3 million) salary back to the company after a group of the newspaper's reporters complained about his pay, according to an email to staff seen by Reuters.

Earlier this month Steve Bird, joint head of the paper's National Union of Journalists group, wrote to FT editors and journalists across the world, saying Ridding's pay was absurdly high and that he should give some back to help those on lower salaries.

Ridding said his salary was established by Japanese media group Nikkei, which bought the Financial Times in 2015, and was independently assessed and "highly performance-related".

"While our performance has been strong, I recognize that the size of the consequent jump in my own total reward in 2017 feels anomalous and has created concerns," he wrote. Ridding said he had decided his remuneration should be restructured.

"For now, I have decided to reinvest into the FT the increase awarded in 2017, which is 510,000 pounds before tax."

Ridding said "the first call" on the money would be a women's development fund to boost the newspaper's efforts to promote women to more senior roles and reduce the gender pay gap.

"The balance of funds will be used to help meet the company's overall financial objectives," he said.

Nikkei, which paid $1.3 billion for the Financial Times, said the company was very satisfied with the growth of the newspaper under Ridding and his team, and the success of the FT-Nikkei partnership.

"We respect and support his proposal to adjust his remuneration to refocus attention on the FT's mission," it said in a statement.
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Old Today, 12:41 AM   #2
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Boss no dignity... they will have problem finding qualified people soon
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Old Today, 12:43 AM   #3
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Unlike SG public sector.
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Old Today, 12:46 AM   #4
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Workers union is very strong. Sinkies maybe do more good deed then go bedok reservoir reincarnated can have this
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Old Today, 12:53 AM   #5
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he is gay

cos only gays wanna help gender pay gap
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Old Today, 12:58 AM   #6
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Jialet sia, dunno how he going to feed his family now with such undignified pay
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Old Today, 01:00 AM   #7
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No dignity. He should have activated the gurkha mercenaries special forces and teach the press how they should behave. If need be, sack every birds and start over again... Oh wait wait Mohd Salah...
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Old Today, 01:05 AM   #8
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Pity him. Wu wu said <$500k = loser..

Can we start a crowdfund for him?
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Old Today, 01:21 AM   #9
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why our ministers never give back part of their million dollars salary?
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Old Today, 06:11 AM   #10
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He must average since his pay is around 500k... lao goh say one. Not i say hor.

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Old Today, 06:25 AM   #11
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why ang moh so reasonable?they never learn how to argue like GCT?

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Old Today, 06:41 AM   #12
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Wow if he only earn this much for a mnc i wonder.....


Post thisnon laogoh fb?
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