The British government plans to institute new measures aimed at clamping down on executive pay.
While it remains to be seen how impactful the measures will be across the pond, the U.S. government shows no signs of stifling the salaries of those occupying the c-suites.
Take for instance Phillips 66 CEO Greg Garland’s gravity defying pay package.
In 2016, the company saw profits fall 60 percent to $1.6 billion, yet Garland still received a 9.3 percent raise that netted him over $25 million in total compensation.
Former Halliburton CEO Dave Lesar found that his compensation increased 12.4 percent to $17.8 million, even though the company suffered billions in losses.
