Sotheby's chief gets US$20m pay package in first year at helm
New York
SOTHEBY'S chief executive officer Tad Smith received a pay package worth US$20 million in 2015, his first year leading the company.
Mr Smith, who started on March 31, 2015, received a salary of US$1.06 million, a sign-on bonus of US$1.1 million and a stock award valued at US$16.5 million, according to a filing with the US Securities and Exchange Commission on Thursday. He also accepted a US$1.4 million stock award in place of an annual bonus.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case