Deloitte Boss Richard Houston Secures 45 Percent Pay Rise To £7.1 Million Amid Job Cuts

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  "detected_at": "2026-10-26T06:48:54+00:00",
  "company": {
    "name": "Deloitte",
    "domain": "deloitte.com"
  },
  "data": {
    "url": "https://streamlinefeed.co.ke/news/deloitte-boss-houston-gets-45-pay-rise-as-firm-cuts-jobs",
    "title": "Deloitte Boss Richard Houston Secures 45 Percent Pay Rise To £7.1 Million Amid Job Cuts - https://streamlinefeed.co.ke/",
    "excerpt": "Richard Houston, the former head of Deloitte's UK business, received a pay package of £7.1 million last year, a 45 per cent increase, even as the Big Four accounting firm cut 1,000 jobs and reduced the profit shares awarded to new partners. According to company filings, Houston received a £5.8 million share of profits for the 12 months ending May 2026, alongside a £1.3 million one-off award from an incentive plan tied to strategic targets for the firm's wider European operations. The payout makes Houston the best-paid UK boss in the Big Four, exceeding the £4.8 million received by PwC UK and Middle East leader Marco Amitrano. The substantial remuneration comes after a period of significant restructuring at Deloitte. The firm reduced its UK staff by 1,000 last year and implemented a review of its partnership structure codenamed Project Maple. The overhaul aimed to address the imbalance between traditional equity partners, who share in ownership and profits, and the growing ranks of salaried partners who hold the title but lack a stake in the business. New equity partners traditionally received 100 units, or shares, but this allocation has been reduced to 80 units. The value of each unit, which fluctuates with the firm's profit, is used alongside individual performance to calculate partner pay. The changes were intended to reassure salaried partners that they had not reached a...",
    "summary": "Deloitte reported UK and Swiss revenues of £5.81 billion, up 2 percent.",
    "location": "United Kingdom",
    "planning": false,
    "image_url": "https://streamlinefeed.co.ke/news-fallbacks/business.jpg",
    "confidence": 0.9,
    "published_at": "2026-10-26T06:48:54Z",
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    "article_sentence": "Houston's pay rise occurred while Deloitte's UK and Swiss revenues rose just 2 per cent to £5.81 billion, although profits climbed 14 per cent to £899 million.",
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