The latest example of excessive remuneration comes from Direct Line Group. Their “single figure” remuneration table shows the CEO received a total of £4.8m in 2015 (admittedly, down from £5.3m in 2014) and the FD got £2.8m (up from £2.2m in 2014). Announcements today (see http://www.investegate.co.uk/direct-line-ins-grp--dlg-/rns/director-pdmr-shareholding/201603301000025290T/ and http://www.investegate.co.uk/direct-line-ins-grp--dlg-/rns/director-pdmr-shareholding/201603301758026132T/ ) show yet more chunky share awards for the current year, and substantial vestings from past years. At the current share price, the value of the CEOs unvested share awards (this is in addition to the ones that have already vested and remuneration reported above) totals a staggering £8.3m. DLG's AGM is on 12th May, which I may attend.
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