Proactive Investors - London Stock Exchange Group (LON:LSEG) boss David Schwimmer is set to see his pay doubled as the owner of the exchange looks to ward off interest from across the Atlantic.
Schwimmer will reportedly be offered twice his current maximum salary of £6.25 million, as the group looks to avoid being caught out by a wider trend of city bosses being tempted to the States by higher pay packages.
He had been paid £4.7 million last year, with this including a £1 million base salary, £1.4 million bonus and around £2 million in long-term incentives.
According to Sky News, his new pay packet would include scope for a larger bonus worth 300% of his base salary, compared to 225% currently.
Major shareholders are currently being consulted over the move, as per reports, with the group having previously warned of a skills shortage in the City if bosses continued to leave.