November 08, 2019 at 09:37AM

Chief executive’s allowance will be cut to £237,000 after protest from shareholders

Standard Chartered has bowed to investor pressure and announced plans to halve a £474,000 pension payout for its chief executive.

Bill Winters will now have his allowance slashed from £474,000 to £237,000 from 1 January 2020. The bank’s finance chief, Andy Halford, will also have his pension pay halved from £294,000 to £147,000.

Continue reading… via Banking | The Guardian http://bit.ly/2CsSQ0I

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