Mail Online

Are the fat cats finally starting to slim down?

Francesca Washtell’s francesca.washtell@mailonsunday.co.uk CITY WHISPERS

ARE Britain’s fattest cats on a money diet? That’s what you might conclude after flicking through the annual reports of several FTSE 100 heavy-hitters.

Last week, Endeavour Mining boss Sebastien de Montessus – crowned the best paid boss in The Mail on Sunday’s 2022 Fat Cat Files report – saw his compensation more than halve to around £9 million. He had received £18.8 million the year before.

AstraZeneca boss Pascal Soriot, second highest paid in the Fat Cat Files, took home £15.3million.

If de Montessus is on a crash diet, Soriot is being less strict with his intake, as his pay fell only slightly from the £15.7million he made in 2021.

Albert Manifold, head of building materials firm CRH who was third on the list, saw his pay fall 13 per cent to £10.7million.

Perhaps he’ll be hoping for a favourable exchange rate with the dollar, what with his move to shift CRH’s stock market listing from London to New York.

ICELAND boss Richard Walker was oddly quiet after Jeremy Hunt’s failure last week to tackle the business rates burden throttling the high street.

Usually a prominent campaigner for an overhaul of the dreaded shops tax, Walker declined to comment after the Chancellor brushed over business rates in his inaugural Budget.

The Iceland heir could have claimed to be distracted as he is preparing to climb Mount Everest next month.

But he had another incentive to stay schtum – he is an approved Tory candidate hoping to contest a seat at the next Election.

‘I am keeping my head down at the moment to keep CCHQ happy,’ Whispers hears he has said.

Good luck with that...

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2023-03-19T07:00:00.0000000Z

2023-03-19T07:00:00.0000000Z

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