StanChart CEO Winters’ 2024 pay jumps 46% on year
The surge in total remuneration comes mainly from a nearly 78% increase in his long-term incentive award
Add BT as a preferred source
STANDARD Chartered chief executive officer Bill Winters’ total salary for 2024 came up to nearly £10.7 million (S$18.1 million), a year-on-year jump of 46 per cent from £7.3 million.
This was spurred mainly by the long-term incentive part of his salary, which soared 77.5 per cent year-on-year to almost £7.6 million, according to the bank’s annual report on Friday (Feb 21). Granted in 2022, the long-term awards are share-based and will vest on a pro rata basis from next month to 2029.
The fixed pay and annual incentive portions of Winters’ salary were little changed from 2023, the bank said.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
