Edtech Business

​Despite Record Loss, Pearson Boss Gets 20 Percent Pay Bump

Mar 24, 2017

INCENTIVIZING POOR PERFORMANCE: What company rewards its chief executive for overseeing some of the biggest losses in its history? Yours truly, Pearson. BBC reports John Fallon made £1.5 million (approximately US $1.9 million) last year—a 20 percent pay increase—despite the fact that the company recorded a pre-tax loss of £2.6 billion (US $3.2 billion) in 2016. A spokesman said Fallon would reinvest his bonus in shares back in the company.

Edtech Business

​Despite Record Loss, Pearson Boss Gets 20 Percent Pay Bump

Mar 24, 2017

INCENTIVIZING POOR PERFORMANCE: What company rewards its chief executive for overseeing some of the biggest losses in its history? Yours truly, Pearson. BBC reports John Fallon made £1.5 million (approximately US $1.9 million) last year—a 20 percent pay increase—despite the fact that the company recorded a pre-tax loss of £2.6 billion (US $3.2 billion) in 2016. A spokesman said Fallon would reinvest his bonus in shares back in the company.

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