Standard Life pays boss David Nish £5m for being reassuringly dull
Tuesday 02 April 2013
Standard Life chief executive David Nish took home £5 million last year, an amount of money likely to irritate the insurer’s army of small shareholders and keep the hot issue of executive pay in the spotlight.
The City generally thinks Nish has done well leading Standard, with a strategy to be “reassuringly dull”, to focus on doing business in the UK and to post decent dividend payments.
However, investors might still raise their eyebrows at his pay for 2012, which includes £2.75 million under the company’s long-term incentive scheme. That amount saw his total package almost double from the £2.6 million he got for 2011. On top of the incentive scheme came a bonus of £1.2 million, pension payments of £232,000 and other benefits of £18,000.
Keith Skeoch, head of the fund management arm, also enjoyed long-term incentive payments of £2.27 million taking his total pay to £2.6 million.
Finance director Jackie Hunt took home £2.5 million after an incentive deal worth £1.1 million.
Crawford Gillies, chairman of the insurer’s remuneration committee, says in the report: “We will continue to consult with investors during 2013 with a view to putting a new incentive arrangement to shareholders for approval in 2014.”
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 Game of Thrones is most-pirated TV show of 2014
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Millions of Britons struggling to feed themselves and facing malnourishment
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...