Wednesday 25 May 2016

Legal & General understates chief executive's pay in annual report

L&G’s Nigel Wilson paid nearly £5.5m in 2015, rather than the previously disclosed £4.7m

Executive pay can be fiendishly hard to calculate and even harder for the public to comprehend – and now it seems that the same is true for the owners of one of the biggest fund managers in the UK.

Legal & General, the insurance company, has been forced to admit that it made a mistake in the pay of its chief executive Nigel Wilson when it published its annual report almost 10 weeks ago.

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from Business blog | The Guardian https://www.theguardian.com/business/blog/2016/may/25/legal-general-understates-chief-executives-pay-in-annual-report

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