""I'll have to explain to my mother why my salary has been cut by half... but if we perform well, I'll earn more money.""
Bill Winters, the CEO of Standard Chartered, is poised to receive a £13.1 million annual bonus, which starkly contrasts with the average UK salary of £37,430. This increase follows the UK's abolition of the EU bonus cap aimed at curbing excessive risk-taking post-2008 financial crisis. Winters' 2024 pay package is reported at £10.7 million, a 46% increase from the previous year, largely due to a substantial long-term incentive scheme. Standard Chartered has engaged effectively with shareholders regarding this policy revision, emphasizing performance-based compensation.
Read at London Business News | Londonlovesbusiness.com
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