Financial Times ( FT ) CEO John Ridding is to return half of his £ 2.6 m ( $ 3.3 ##m ) salary , after some of the newspaper ’s reporters complained about his pay . Ridding asserted that his pay was paid by the newspaper ’s owners , Nikkei , and was independently assessed . He said that he was pleased “ the increase awarded in 2017 , which is £ 510,000 before tax ” into the company . Reporting by Kylie MacLellan; additional reporting by Alistair Smout; Editing by Mark Potter and Alexander Smith Some of the money will be used to create a women ’s development fund to decrease the FT ’s gender pay gap and encourage the promotion of female staff .
Financial Times ( FT ) CEO John Ridding is to return half of his £ 2.6 m ( $ 3.3 ##m ) salary , after some of the newspaper ’s reporters complained about his pay . Ridding asserted that his pay was paid by the newspaper ’s owners , Nikkei , and was independently assessed . He said that he was pleased “ the increase awarded in 2017 , which is £ 510,000 before tax ” into the company . Some of the money will be used to create a women ’s development fund to decrease the FT ’s gender pay gap and encourage the promotion of female staff .