News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Standard Life Aberdeen suffers one of the largest pay revolts of 2019

The result is an embarrassment for the asset manager, which likes to tout its own work policing corporate governance and executive pay

Standard Life Aberdeen suffers one of the largest pay revolts of 2019

Standard Life Aberdeen suffered the fourth-worst rebuke on executive pay of any UK company this year from its shareholders, with 42% rebelling over a golden hello for Stephanie Bruce, the asset manager’s new chief financial officer.

At the company’s annual general meeting in Edinburgh on May 14, only 58% of shareholders voted to approve directors’ pay packets for 2018, a result that shareholder advisers and the company itself put down to the sum offered to Bruce.

WSJ Logo