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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Sarah Butler

Shareholders back £7m pay rise for London Stock Exchange boss

David Schwimmer London Stock Exchange London Hein Schumacher United Kingdom United States Anglo American BHP City LSEG
CEO David Schwimmer attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022.
David Schwimmer tried to appear upbeat about London Stock Exchange’s future on Thursday, saying the pipeline of floats was ‘encouraging’. Photograph: Brendan McDermid/Reuters

Shareholders have voted in favour of doubling the pay packet of London Stock Exchange Group’s chief executive to £13m on the same day that fears were reignited about an exodus of UK-listed firms.

Investors backed the group’s plans to increase David Schwimmer’s maximum pay levels from £6.25m to more than £13m. The resolution passed, with nearly 89% voting in favour of the new pay policy.

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