Tadeu Marroco: Why tobacco giant CEO’s pay is set to triple to £18m

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Importantly to note, the £18.2m is only a total possible payout if targets are hit, with Mr Marroco’s guaranteed pay set at £1.8m across salary, pensions and benefits. The BAT share price is down eight per cent over five years and down around 14 per cent since a fairly recent high point in May 2022, but is also up 25 per cent over the past one year and five per cent since the start of 2025. In another bump typical of the risks associated with investing, however, the price dropped around eight per cent on Thursday morning when BAT announced full year profits, which were undercooked against analyst expectations and included a £6bn charge related to a long-standing lawsuit in Canada. That issue, regulatory challenges around the products they make and competition from newer, more agile firms concentrating on those modern cigarette alternative products, must all be weighed up by possible investors against the prospect of a share price rise and - the real appeal of this type of company - a weighty near-eight per cent dividend yield.