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https://www.msn.com/en-gb/money/other/surge-in-charity-bosses-on-super-sized-salaries/ar-AA1xrgQV?ocid=msedgntp&pc=HCTS&cvid=4ed29d3ff9184ee4849a616c9e7dee40&ei=7
The number of super-sized salaries in the charity sector has surged, with some bosses earning millions of pounds, Telegraph analysis has found.
Analysis of Charity Commission data shows a 35.7 per cent increase in the number of charitable organisations paying their employees more than ÂŁ400,000 in the past five years.
Meanwhile, the number of people working for charities earning more than ÂŁ400,000 has increased by 42.2 per cent.
On Saturday night, the Charity Commission said it would “take action” if a “line is crossed” by charities paying executives more than is considered reasonable.
In 2019, when it was revealed that MSI Reproductive Choices or “Marie Stopes” had paid £430,000 to Simon Cooke, its chief executive, the Charity Commission publicly condemned the paycheque at the time and promised a wider investigation of executive pay in the sector.
The highest-paid person in the UK charity sector is thought to be Nick Moakes, the Wellcome Trust’s chief investment officer, who makes over £5 million a year according to the Trust’s latest accounts. This represents an uplift in his pay of over half a million pounds since 2023.
https://www.msn.com/en-gb/money/other/surge-in-charity-bosses-on-super-sized-salaries/ar-AA1xrgQV?ocid=msedgntp&pc=HCTS&cvid=4ed29d3ff9184ee4849a616c9e7dee40&ei=7
The number of super-sized salaries in the charity sector has surged, with some bosses earning millions of pounds, Telegraph analysis has found.
Analysis of Charity Commission data shows a 35.7 per cent increase in the number of charitable organisations paying their employees more than ÂŁ400,000 in the past five years.
Meanwhile, the number of people working for charities earning more than ÂŁ400,000 has increased by 42.2 per cent.
On Saturday night, the Charity Commission said it would “take action” if a “line is crossed” by charities paying executives more than is considered reasonable.
In 2019, when it was revealed that MSI Reproductive Choices or “Marie Stopes” had paid £430,000 to Simon Cooke, its chief executive, the Charity Commission publicly condemned the paycheque at the time and promised a wider investigation of executive pay in the sector.
The highest-paid person in the UK charity sector is thought to be Nick Moakes, the Wellcome Trust’s chief investment officer, who makes over £5 million a year according to the Trust’s latest accounts. This represents an uplift in his pay of over half a million pounds since 2023.