Home » Employment News » Who’s getting what salary? Standard Chartered shareholders urged to reject CEO’s $4.7 pay

Who’s getting what salary? Standard Chartered shareholders urged to reject CEO’s $4.7 pay

By Kris Paterson in Employment News, posted July 25, 2022

Standard Chartered plans to hike the pay of its chief executive, Bill Winters, by 19 percent to 4.7m for last year, and chief financial officer Andy Halford's revenue by 21 percent to almost £3 million, says the Financial Times.

But given the £46.5m penalty the bank received from the Prudential Regulation Authority in December for reporting failures, proxy advisor ISS has recommended shareholders reject the pay report at the shareholder meeting on Wednesday.

Standard Chartered's stock has fallen 49 percent since Winters took over in 2015.

Elsewhere, Jeff Green, boss of Us advertising- technology company Trade Desk, received a pay package last year valued by the company at $ 835 million, says The Wall Street Journal.

The bulk of the package takes the form of stock options which become exercisable in eight batches so long as the share price keeps rising. The first batch, worth $34m, was unlocked in January.

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If all seven remaining price targets are met, Green stands to make between $1.8bn and $5.2bn in new shares, Green also received nearly a million dollars in salary, and nearly 6 more million in payouts.

Source: MoneyWeek

Kris Paterson is a writer for WhatJobs.com.