AMP chief gets pay rise of up to $1.8m despite company posting $2.5bn loss

📆 13-02-20 10:33:00
📰 The Guardian

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

‘If I don’t perform, I don’t get paid,’ says Francesco De Ferrari, of 66% increase in his potential bonus

Scandal-wracked financial services group AMP has given its chief executive a pay rise of up to $1.76m a year at the same time as unveiling a loss of almost $2.5bn.

Écrire un Commentaire

Why ?

Doesnt the board have a fiduciary responsibility? The share holders can sue the board for breach of that duty

Typical CEO

Yeah, but that hairline though...

Ain't that the way it goes

for turning a potential $2.5bn+1 loss into $2.5bn?

8:33 AM · 13 февр. 2020 г.·Echobox Social

KPIs didn't include having the company perform well I guess...

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Secret Service ordered to reveal how much it has paid to Trump's private companyMember of the House Committee on Oversight and Reform have demanded to see all documents relating to Secret Service accommodation and expenses at Trump properties Would not that subject be an account to use of power to further ones self or ones interests?
La source: The Independent - 🏆 80. / 59 Lire la suite »