On the day that anarchist mobs are prowling the City of London, it takes a brave company to announce an outsized pay rise for top management. By UK standards, the package awarded to Tom Glocer, chief executive of Thomson Reuters, looks rich indeed.

His annual compensation of almost $9m last year was nearly double the $5.2m he was paid in 2007, Reuters’ last year as an independent company. Ten years ago, Peter Job, his predecessor, took home salary and bonus then worth $1.3m. The top dog’s pay has expanded at a compound annual rate of 23 per cent.