| LONDON, April 1
LONDON, April 1 British-based life and pensions
group Prudential Plc plans to pay Chief Executive
Tidjane Thiam more than 8.7 million pounds ($14.3 million) in
salary and benefits for 2013, according to the company's annual
Thiam's package includes a salary of 1 million pounds, a
bonus of more than 2 million and a further 5 million attributed
to long-term incentive schemes vesting from previous years.
Thiam's 8.7 million pounds total package is a significant
increase from the 7.8 million awarded for 2012.
However, Prudential's annual report, published on Tuesday,
restates last year's figure higher at 9.5 million pounds, to
take into account a share price that has advanced since the last
report, as some of the package is paid in shares.
Prudential released earnings for 2013 in March showing a 17
percent profit increase that eased some investors' concerns that
performance would lag on account of volatility in Asian markets,
where the company takes much of its revenue.
The 2012 pay deal had angered some of the company's
shareholders following a stiff 30 million pounds fine for
failing to keep British regulators fully informed about an
attempt to buy Asian rival AIA in 2010.
However, investors may approve the pay deal with few
complaints at the company's annual shareholder meeting in May,
following a more than 50 percent increase in the value of their
shares during 2013.
($1 = 0.5998 British Pounds)
(Editing by David Holmes)