Star fund manager Terry Smith takes pay cut as profits slide
2 months ago

Star fund manager Terry Smith takes pay cut as profits slide

The Telegraph  

Terry Smith, the star fund manager, has taken a pay cut for the second year running following a fall in profits at his flagship fund. Mr Smith took home roughly £28m last year, down from almost £32m in 2023 and around £36m in 2022. Pascal Soriot, the boss of pharmaceutical giant AstraZeneca who topped the blue-chip pay rankings last year, took home £16.9m. The fund last year sold its position in Amazon after less than two years, criticising the ecommerce giant’s move into groceries.

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