10.08.2026 16:11
Rolls-Royce has raised the maximum annual performance-based earnings of Turkish CEO Tufan Erginbilgic to up to 24.4 million pounds. If the set targets are fully achieved, Erginbilgic's earnings will increase by approximately 550 percent from the current level of 4.4 million pounds.
UK-based engineering and aviation giant Rolls-Royce has raised the annual earnings cap for Turkish CEO Tufan Erginbilgic to a record level in order to strengthen its hand in the global competition for top executives and retain talent. If the expected targets are fully met, Erginbilgic will hold the title of the Turkish national with the highest monthly earnings in the world.
EARNINGS COULD RISE TO 24.4 MILLION POUNDS
The new remuneration policy prepared for Tufan Erginbilgic, the man at the helm of Rolls-Royce, has been approved by the company's shareholders and made official. If the ambitious performance targets set are achieved, the successful executive's current annual earnings of 4.4 million pounds could rise by a massive 550% to as much as 24.4 million pounds. This increase plan, which has caused a major stir in global markets, will take Tufan Erginbilgic's total compensation package to the top ranks worldwide.
UK TRYING TO CATCH UP WITH US STANDARDS
Behind this historic offer to Erginbilgic lie concerns about the global brain drain and competition in UK markets. Recent research conducted by the Financial Mail on Sunday shows that the UK's largest public companies (FTSE 100) have begun to prepare salary and bonus packages in line with US standards to avoid losing top talent to American companies. The fact that company boards structure bonus payments predominantly through stock options and the high performance of stock markets are among the most important factors pushing up the potential earnings ceiling for executives.