London Stock Exchange Group PLC (LSE:LSEG) shareholders are set to vote on a doubling of chief executive David Schwimmer’s total remuneration at today’s annual general meeting.
Schwimmer stands to potentially take home over £13 million under the proposals.
LSEG’s stock price has increased 115% since Schwimmer took over as head of the 300-year-old bourse in April 2018.
The company’s revenues have steadily grown since acquiring financial data provider Refinitiv for $27 billion in 2021.
Today, LSEG is the 12th-largest FTSE 100 member with a £48 billion market capitalisation.
The vote on Schwimmers’s pay follows a highly contentious vote on AstraZeneca PLC (LSE:AZN) boss Pascal Soriot’s 11% annual pay hike earlier this month.
That vote went ahead with the approval of around two thirds of shareholders.
At the last AGM in April 2023, 97.49% of shareholders voted to approve Scwimmer’s £5.13 million pay package.