Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Standard Chartered PLC    STAN   GB0004082847

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Standard Chartered Faces Holder Revolt As PIRC Balks At Pay-Newspaper

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/29/2012 | 04:41pm CET

Investors in U.K.-based, Asia-focused bank Standard Chartered PLC (>> Standard Chartered PLC) are being urged by a major investment body to vote down a pay package for senior bankers collectively worth GBP56 million, amid concern that the bank hasn't been transparent enough with its shareholders about long-term bonus targets, the Sunday Telegraph reports.

Pensions Investment Research Consultants, or PIRC, has told investors to vote against the remuneration report for the bank at its forthcoming annual general meeting on May 9, the newspaper says, citing PIRC guidance.

The head of Standard Chartered's investment banking arm, Mike Rees, has received a package worth GBP8.2 million, the newspaper claims, comprised of a cash and shares bonus, performance awards and a salary. Rees's bonus -- which is nearly nine times his annual salary -- is highlighted in the PIRC report, the newspaper claims.

Neither PIRC nor Standard Chartered could immediately be reached for comment Sunday.

Reports of a potential revolt over pay at another bank come shortly after Barclays PLC (>> Barclays PLC) executives were reprimanded by investors at an annual meeting for spending too much money on pay and not enough on dividends. Over a quarter of investors in Barclays refused to back the bank's pay report.

Newspaper Web site: http://www.telegraph.co.uk

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stocks mentioned in the article : Standard Chartered PLC, Barclays PLC
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STANDARD CHARTERED PLC
11:17a STANDARD CHARTERED : HSBC scraps market-leading mortgages as rates start to rise
09:35a STANDARD CHARTERED : British bank may finance Zimbabwean President Robert Mugabe..
12/07 STANDARD CHARTERED : UAE’s non-oil growth forecast to pick up pace in 2017
12/06 STANDARD CHARTERED : Business optimism dwindles in November despite looming holi..
12/06 STANDARD CHARTERED : *morgan stanley cuts standard chartered target to 520 (555)..
12/06 Softer rate outlook does not justify easier mortgage rules - BoE
12/05 STANDARD CHARTERED : Banking fines
12/05 STANDARD CHARTERED : Banking fines Singapore's financial regulators
12/04 Bahri orders five more oil tankers
12/03 STANDARD CHARTERED : Two British banks fined for 1MDB-linked lapses
More news
Sector news : Banks - NEC
10:17a EXCLUSIVE : Edmond de Rothschild to close Hong Kong operations - sources
09:01aDJPolish Firms to Buy Controlling Stake in Pekao from UniCredit for $2.57 Billi..
08:46a Poland agrees to buy back its second largest bank from UniCredit for $2.6 bil..
05:46aDJAsian Shares Lifted by Record Wall Street Close
03:06aDJBANK OF EAST ASIA : Jointly Won Land-Use Rights for CNY3.02 Billion in China
More sector news : Banks - NEC
News from SeekingAlpha
12/07 VW, Standard Chartered, And Berkshire Hathaway Lead Corporate CDS Trading Vol..
12/06 RBS Failed Stress Tests; Still A Lot Of Uncertainty Ahead
12/06 LLOYDS : Expect A 8% Dividend Post BoE Stress Tests
11/30 WALL STREET BREAKFAST : OPEC Decision Day - Deal Or No Deal?
11/30 Layoffs To End November
Advertisement
Financials ($)
Sales 2016 13 760 M
EBIT 2016 3 569 M
Net income 2016 12,2 M
Debt 2016 -
Yield 2016 0,36%
P/E ratio 2016 -
P/E ratio 2017 18,93
Capi. / Sales 2016 2,07x
Capi. / Sales 2017 2,00x
Capitalization 28 499 M
More Financials
Chart STANDARD CHARTERED PLC
Duration : Period :
Standard Chartered PLC Technical Analysis Chart | STAN | GB0004082847 | 4-Traders
Full-screen chart
Technical analysis trends STANDARD CHARTERE...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 8,05 $
Spread / Average Target -6,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
William Thomas Winters Group Chief Executive Officer & Director
José Viñals Chairman
Doris Honold Group Chief Operating Officer
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
Michael Gorriz Group Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STANDARD CHARTERED PLC21.47%28 499
JPMORGAN CHASE & CO.27.32%300 825
WELLS FARGO & CO5.37%287 678
INDUSTRIAL AND COML BA..-0.87%231 690
BANK OF AMERICA CORP34.11%228 071
CHINA CONSTRUCTION BAN..-3.11%188 856
More Results