Hargreaves Lansdown chief Gorham sees pay jump to £10.6m

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.

Gorham's pay climbed from £6.8m due to the exercise of £8.8m in historic options awarded by the company's share scheme over the past few years. His 2013 salary had been boosted by a crystallisation of £3.6m worth of other share options. Gorham's decision to cash-in his latest options follows a huge climb in the company's share price, which has risen from 275p five years ago to as high as £15.49 at the start of 2014. Gorham's basic pay remained static at £412,000, unmoved from the previous year, while he also received a cash bonus of £1.1m as well as a further £49,000 of other benef...