LSEG CEO’s Potential £13.2 Million Pay Package Draws Scrutiny
- CEO Schwimmer could see 2024 pay more than double: Glass Lewis
- The proxy advisory firm questioned the scale of proposed raise
David Schwimmer
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A prominent proxy-advisory firm encouraged London Stock Exchange Group Plc shareholders to vote down a plan that could allow the company to more than double Chief Executive Officer David Schwimmer’s pay for his work this year.
LSEG has asked investors to approve a revamped remuneration policy at the company’s annual meeting of shareholders in the coming weeks. With the changes, Schwimmer could be handed as much as £13.2 million ($16.7 million) for his work this year, up from a maximum of £6.35 million in 2023, according to Glass Lewis & Co.