Nice littler earners
Cressida Dick, the new Commissioner of the Metropolitan Police, will take a voluntary pay cut from £270,000 to £230,000 compared with her predecessor. Some others voluntarily taking less:
— Richard Pennycook, CEO of the Co-op Group, last year took a cut in his base salary from £1.25 million to £750,000. His incentive plan also became less generous.
— Keith Skeoch, CEO of Standard Life, last year took a cut in his bonus, which will now pay a maximum 400 per cent of his £700,000 base pay instead of 500 per cent.
— In 2015, the board of Credit Suisse took a 25 per cent cut after America fined the bank for helping citizens avoid taxes.
Kim and have a go
Donald Trump demanded China act to halt North Korean’s leader Kim Jong-un’s nuclear ambitions, or the US would step in. North Korea is ranked 25th out of 126 military powers, but with what forces?
700,000 active frontline personnel
4.
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