LSE boss Rolet given £2.1m in pay and perks

 

The boss of the London Stock Exchange took home more than £2m in pay and other perks last year.

People walk past London's Stock Exchange

Bonanza: Rolet's £2.1m reward package compares with £1.8m the year before

Xavier Rolet, who is attempting to engineer a takeover of Canada's largest exchange, pocketed a bonus of £1.3m for 2010 on top of a £670,000 base salary and £163,000 pension top-up.

In addition, Rolet was given a slug of shares worth £1.6m, which he will be able to cash in provided the chief executive hits performance targets and shares in the FTSE 250-listed company rise.

His £2.1m bonanza compares to a £1.8m package for 2009, when Rolet banked a bonus of £1m.

The rewards came to light in the LSE's annual report, which revealed a £831,000 deal for finance director Doug Webb. On top of his chairman's fee of £370,000, Chris Gibson-Smith racked up £37,000 in chauffeur fees.

The LSE last night scotched speculation that it has opened takeover talks with Europe's largest financial clearing house.

The group said it had not 'engaged in any discussions' over a bid for LCH.Clearnet.