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

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

Business News News

Business Business Latest News,Business Business Headlines

‘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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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?
Source: The Independent - 🏆 80. / 59 Read more »