Stanchart boss earns 13m bonus - that is 35,000 times more than average UK pay - London Business News | Londonlovesbusiness.com
Briefly

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.
"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."
Read at London Business News | Londonlovesbusiness.com
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