High Pay Commission report: a task for the bored

If there happensto be anyone who is really bored: laid up with flu perhaps and idly tapping a mousepad while doing so, an interesting (umm, OK not very interesting at all which is why I\’m not going to do it) task.

How many of the FTSE 100 CEOs are not UK origin?

The HPC report says only one foreigner was poached. But that\’s not the correct number. How many are foreigners?

I\’ve two off the top of my head, Bob Diamond and that Lloyds chappie. How many more are there?

And here\’s the start of a list:

Foreign CEOs:

Admiral Group: Henry Engelhardt (US)
AMEC: Samir Brikho (Lebanon)
Anglo American: Cynthia Carroll (US)
Antofagasta: Marcelo Awad (could be UK but worth checking)
Astrazeneca: David Brennan (US)
BHP Biliton: Marius Kloppers (South Africa)
BP: Bob Dudley (US)
Barclays: Bob Diamond (US)
Bunzl: Michael Roney (US)
Burberry: Angela Ahrendts (US)
Carnival Corporation: Micky Arison (Israel)
Essar Energy: Naresh Nayyar (India)
Experian: Don Robert (US)
Fresnillo: Jaime Lomelín (Mexico)
Glencore: Ivan Glasenberg (South Africa)
Inmarsat: Andrew Sukawaty (US)
International Airlines Group: Willie Walsh (Ireland)
Intertek: Wolfhart Hauser (Germany)
Investec: STEPHEN KOSEFF (South Africa)
That\’s erm, 19 out of 50 so I think we can take it that non-UK CEOs in the FTSE 100 are, ermm, quite common then?

 

23 comments on “High Pay Commission report: a task for the bored

  1. Admiral Group, Amec, Anglo-American and Antofagasta all have non-Brit CEOs.

    AstraZeneca has a non-Brit Chairman.

    And that’s just the As. Of which there are ten.

    So, assuming As are representative, then the figure for non-Brits is 50%.

  2. If you can prove that ‘foreigners’ are taking our CEO’s jobs, HPC will simply flip it to demonstrate that our wages are too high.

    Taking on what I imagine is a ‘Permanent Body’ that calls for the establishment of another’ Permanent Body’, in a similar vein to the ‘ Low Pay Commission’ , which I assume is a ‘Permanent Body’ is surely enough of a demonstration that the real interests of these people are not pay differentials, but bigger and more intrusive forms of ‘Permanent Body’

    Engaging with them in any manner merely fuels their misplaced belief that they are doing something of any use to society

  3. Worzel,

    The HPC isn’t a ‘permanent body’ – it was established by funding from Compass and the Joseph Rowntree Foundation for one year – Nov 10 to 11. What they want is QUANGO status, with a DBE for the Chair, of course.

    Anything written under the imprimatur of the “former business editor of the Guardian”, an “Emeritus Professor in Social Theology” and the “TUC Deputy General Secretary” has such systemic bias it probably would even make decent kindling.

  4. It means they are a carefully selected bunch of no-business-experience statist meddlers, selected by “an umbrella grouping of the progressive left” and a trust focussed on “social evils” and “disadvantaged people.”

  5. Has anyone thought of bringing their good work to the attention of any retired accountants, in East Anglia, who might have A BOOK OUT ?

  6. Xstrata- Mick Davis (South African)
    Tullow- Aidan Heavey (Irish)
    Smiths Group- Philip Bowman (Australian)
    Unilever- Paul Polman- (Dutch)

    These are random picks- 100% strike rate thus far

  7. To be honest looking at the companies listed on the FTSE is not really relevant to the argument either way. Many of the companies quoted have a large part of their operations outside the UK and may have a London listing because it is the most suitable listing venue.

    Surely the argument should be whether the UK would lose talent and thus the rest of us would lose out if companies here paid less, and I don’t really see how that can be demonstrated.

  8. What is it with these socialists & the envy kink? Would help if it was consistent. How about a study into sports & entertainment industry takes. Some of those guys are raking in amounts make a CEO’s look paltry.
    And where’s the money come from? Fair earnings or cynical manipulation of youngsters’ psychology to screw the last cent out of them?

  9. Alex,

    Surely the argument should be whether the UK would lose talent and thus the rest of us would lose out if companies here paid less, and I don’t really see how that can be demonstrated.

    We know that the Premiership has far more French players than the French league has English players, and it’s also one of the richest leagues. We know that Indian and West Indian players frequently play in the UK. I’ve worked with programmers with families back in India working for the money. The NHS has nurses from African companies.

    We know that people have a price at which they’ll move to foreign countries. Why should CEOs be different?

  10. “Why should CEOs be different?”

    Because it makes it easier to make the argument the looney’s want to make

  11. I did the P’s, 100% hit rate on the “bloody foreigners who stole our jobs” count:

    Prudential – Tidjane Thiam, French-Ivorian
    Pearson – Marjorie Morris Scardino, American
    Petrofac – Ayman Asfari, Syrian

    Scardino is even took Brit citizenship and is now a Dame.

  12. “How about a study into sports & entertainment industry takes. Some of those guys are raking in amounts make a CEO’s look paltry.”

    Probably not an apt parallel…Sports figures and entertainers are labour and not management. Sports and entertainment are probably among the only sectors where labour can get paid more than management.

  13. Sorry James G but what’s with this labour/management divide? Been watching too many Peter Sellers movies? Are you saying that because this guy acts in one film he’s grunt labour but directing in another he’s a fat cat boss? Where’s the labour/management split in Aviva? At the boardroom door or with the supervisor of the office cleaners?
    If you don’t own it, you work for it. Seems a simple enough concept to me.

  14. IAG (International Airlines Group- formed by merger of British Airways and Iberia).

    CEO Willie Walsh (Irish, was boss of BA before merger). Replaced Rod Eddington (Australian).

    Chairman Antonio Vasquez (Spanish)

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