RE: Re: Smaller banks.11 Nov 2019 10:24
Standard Chartered joined some of its British rivals in cutting its chief executive's pension allowance on Friday after protests from shareholders, putting pressure on other banks such as Lloyds to follow suit.
Standard Chartered said its CEO Bill Winters and Chief Financial Officer Andy Halford had agreed to have their pension allowances cut to 10% from 20% of their salary from January,
Lloyds has also attracted heavy criticism, with its CEO Antonio Horta-Osorio accused this year of "boundless greed" by MPs for not giving up his pension allowance, which is equivalent to 33% of his salary.