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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Julia Kollewe

When £17m isn’t enough: FTSE firms plead to pay bosses millions more

Composite of Pascal Soriot and Sundar Pichai over a backdrop of novelty £1m dollar notes
Pascal Soriot is paid a fraction of what Alphabet boss Sundar Pichai takes home. Composite: Sophia Evans/The Observer; Denis Balibouse/Reuters; Alamy

There was a sharp intake of breath last month when the pharmaceuticals group AstraZeneca cemented chief executive Pascal Soriot’s position as the best-paid FTSE 100 boss with a £17m pay package, up from £15.3m a year earlier. The latest award brings to £137m the amount he has earned since joining in 2012.

While it drew the anger of corporate governance experts, Soriot’s generous payout was just a fraction of the sums his counterparts at the biggest US companies take home. Sundar Pichai of Alphabet, Google’s parent company, stands as the highest-earning boss on the US-based S&P 500, with a $226m pay packet in 2022.

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