Top bosses pocket bumper payouts

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In the money: Emma Walmsley

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Britain’s two top bosses have received huge payouts despite the country being in the grip of a cost-of-living crisis.

BP chief executive Bernard Looney and Emma Walmsley, who heads GlaxoSmithKline, have received a total of £18.5m for 2022.

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Looney’s salary more than doubled last year to £10m.

He was paid a salary of £1.37m and an annual bonus of £2.37m, plus shares worth £6m last year.

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Looney, 53, has been awarded 120 per cent more than the £4.5m he received in 2021 after BP reported a £23bn annual profit last month.

Walmsley, 53, the head of Britain’s largest pharmaceutical company, received an £8.5m reward package, up from the £8.2m received a year earlier.

GSK has awarded her a £1.2 million salary, slightly more than the amount she received in 2021.

She also received a £3.1 million bonus as well as a £3.7 million bonus. This comes after a rough year for Walmsley when GSK spun off its consumer division into a new company called Haleon.

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