Hmm
“In March 2022, the HR Committee…approved an increase to [KR’s] base salary and long-term incentive target to better align her pay with the market and the impact of her role.”
KR’s total annual comp increased to $4.2 million from $1.8 million.
Page #66 and #90
https://ir.thomsonreuters.com/static-files/9bfa1bf8-5e87-4c23-a0ab-63c2dcfb8990
It was blatantly obvious to anyone who looked at KR's resume exactly the kind of exec she would be.
ELT roles aren't filled randomly. They're filled by people based on what they've done before. Desired outcome. Every one of the ELT will do the exact same things they've done at previous companies. 100% guaranteed. Once they do that they'll move on and the position will be filled by the person with experience in what they want to do next.
Truly appalling.
By the way, $4.2M was her old comp. 2020 was lower because she joined half way through, and the comp change starts in 2022. She now makes even more, and as such is paid more than the CFO. It’s absolutely breathtaking, especially given the massive bungle by the Change Program that’s now resulting in further cuts to make up the numbers.
Maybe Wolters Kluwer is next, or the Supreme Court of the United States.
HSBC, and before that Credit Suisse. https://www.finews.com/news/english-news/19832-credit-suisse-reorganization-kirsty-roth-master-of-efficiency. From the article, "...British top manager known for her ruthless cost-cutting plans..." and "...the departure of [KR] is probably linked to the recent presentation of the new strategy...the industrialization process, with which [KR] was closely identified, has been moved out of the limelight..."
She cuts. She makes a lot of $$$$. The firm struggles. The firm then changes strategy and reorgs. She departs with whatever package she's agreed to and then moves on to the next organization where she repeats the cycle. Her cost-cutting strategy is really successful - for herself. CR, HSBC, now TR. I wonder who is next.
“To better align”. Incorrect English, ie a split infinitive, but whoever wrote this obviously doesn’t know what that is. Better ask a TR editor what that is. Hang on, most have been RIF’d. Ignorance prevails.
She screwed uo HSBC. Now she working on tr.
Maybe she can buy some new clothes to update from that 1920s look, and a wash, cut, and style at the beauty shop.
sickening