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Prudential CEO pay drops 30 percent to $8.6 million in 2016 - annual report
March 24, 2017 / 11:04 AM / 8 months ago

Prudential CEO pay drops 30 percent to $8.6 million in 2016 - annual report

LONDON (Reuters) - Prudential (PRU.L) Chief Executive Mike Wells’ pay fell 30 percent to 6.9 million pounds in 2016, the insurer’s annual report showed on Friday.

The drop includes a 1.8 million pound decline in payment to Wells under the firm’s long-term incentive plan, the report showed.

Prudential (PRU.L) said in the report three of the firm’s top five earners were below executive director level, earning collectively 22.3 million pounds.

Reporting by Carolyn Cohn; editing by Simon Jessop

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