Standard Chartered CEO to Accept Pay Cut Following Pension Dispute -FT

Date : 10/21/2019 @ 4:41AM
Source : Dow Jones News
Stock : Standard Chartered Plc (STAN)
Quote : 712.6  -13.4 (-1.85%) @ 4:35PM

Standard Chartered CEO to Accept Pay Cut Following Pension Dispute -FT

Standard Chartered (LSE:STAN)
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--Bill Winters, the chief executive of Standard Chartered PLC (STAN.LN), plans to take a voluntary pay cut following a dispute over his pension allowance, the Financial Times reported, citing unnamed sources.

--StanChart's chairman José Viñals is involved in talks with shareholders about Mr. Winters's pay, hoping to find a solution that can win a majority backing at the bank's annual meeting next year, according to the FT.

 

Full story: https://on.ft.com/35R1DaA

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

October 21, 2019 00:26 ET (04:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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