trending Market Intelligence /marketintelligence/en/news-insights/trending/kC16OYdgm-c4sbfc9-15nw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

StanChart CEO's pension pay draws ire from investors

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

StanChart CEO's pension pay draws ire from investors

Investors are criticizing Standard Chartered PLC over CEO Bill Winters' pension payment, which is the highest among chief executives of large U.K.-listed banks, the Financial Times reported.

Winters is set to receive a pension allowance of £474,000 after the bank changed the way it computed his pension. The figure is equivalent to 20% of Winters' total salary, which is the sum of his £1.2 million cash salary and share payment of the same amount. In 2018, Winters' pension allowance was equivalent to 40% of his basic cash salary, the FT noted.

The investor backlash comes amid mounting pressure for Britain's largest listed lenders to bring executives' pension payments in line with that of the majority of their staff, the report added.

One of the bank's biggest shareholders said the change goes against the Financial Reporting Council's guidelines, which state that only basic salary should be pensionable. Another shareholder told the newspaper that the bank would probably respond to the criticism by lowering the pension before shareholders vote on the matter at the annual general meeting in May.