INSUBCONTINENT EXCLUSIVE:
The National Union of Journalists welcomed the move but said it "does not go far enough".The chief executive of the Financial Times, John
Ridding, is to return some of his pay from last year following staff criticism, the business daily reported on Thursday.In a note to
employees, he said he would return a 2017 pay increase which took his total package to more than euro 2.5 million (2.8 million euros, $3.2
million) -- a 25 percent jump on the previous year, the FT said.Ridding's pay increase was euro 510,000, and after tax, the amount
returned to the company will be about euro 280,000.He said "the first call on these resources" would be a fund to "support the advancement
of women into more senior roles at the FT and reduce the gender pay gap".The National Union of Journalists welcomed the move but said it
"does not go far enough".It had complained that Ridding's pay appeared to represent more than half of the FT's euro 4 million operating
reported.The NUJ also said the rise "makes a mockery of any concept of fairness" after "years of negligible pay rises and real-term pay
cuts" for staff, as well as squeezed resources and pension reforms.A survey by the High Pay Centre and the Chartered Institute of Personnel
and Development published this week found the average annual pay packet of Britain's top executives jumped 23 percent in 2017, and was 160
times the average full-time wage.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated
