The company says the decision reflects its commitment to fostering inclusivity and acknowledging that a degree may not always correlate with an individual’s potential contributions to a role.
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Philip Jansen, the CEO of BT Group, has made the decision to freeze his annual salary at £1.1m until his retirement from the FTSE 100 telecommunications company.
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The Chief Financial Officer (CFO) of Boots, the largest pharmacy chain on Britain’s high street, has stepped down one year after the company’s US parent abandoned its sale plans.
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Sainsbury’s, Marks & Spencer, and National Grid are among the companies that have rewarded their chief executives with substantial pay packages, as disclosed in the reports released on Tuesday.
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Owner Pepsico said the move represents the company’s largest investment in the UK in the past 25 years.
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