Companies scale back contributions as threat of shareholder revolt forces rethink
Stephen Hester, the chief executive of RSA, the London-based insurance group behind the More Than brand, was last year handed a total pay and benefits package of more than £4m. The 58-year-old received a basic salary of more than £1m, a bonus of £800,000 and a longer-term incentive payout of nearly £2.2m. He was given a car and driver, worth £64,000. And an extra £302,000 to help him “save for retirement”.
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