Boss Emma Walmsley hits jackpot with £13m GSK payday

Cashing in: GSK boss Emma Walmsley

Cashing in: GSK boss Emma Walmsley

GSK boss Emma Walmsley was paid nearly £13m final 12 months – taking her complete earnings since she took the job to greater than £55m.

The prescription drugs big gave her £12.7m in 2023, together with a £1.3m fundamental wage, over £300,000 of advantages and pension contributions and £11.1m of bonuses.

That was the largest pay cheque she has acquired since taking the job in 2017. In complete, Walmsley, 54, has been paid £55.3m since turning into chief government.

Her earnings stay effectively beneath these of Pascal Soriot, who’s chief government of rival AstraZeneca. He was paid £16.9m final 12 months and has acquired a complete of £135m since getting the job in 2012.

GSK revenues edged as much as £30.3billion final 12 months, whereas income rose almost 8pc to £6.1bn. Shares are up almost 15 per cent this 12 months however are broadly unchanged since Walmsley took over.

Pay is once more a sizzling matter within the City with David Schwimmer, boss of the London Stock Exchange Group (LSEG), this week saying UK corporations want to supply bosses extra to compete with US companies.