Prudential chief executive Tidjane Thiam is likely to receive his full bonus this year in a move which could prove controversial with shareholders still upset over the cost of his failed bid for AIA.
The maximum payout he is eligible under a long-term bonus agreement is £2.1m, in a performance package he received on joining Prudential in March 2008, the Telegraph reports. But including other pay agreements under his current deal, Thiam's total payout could reach £4.6m. A spokesman for Prudential declined to comment on whether Thiam would receive his maximum bonus entitlements. Investors are still upset with Thiam over Prudential's aborted $35.5bn (£22bn) bid for the Asian operations of US insurance group AIG, which ended up costing the insurer £377m in fees to advisers. Read...
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