Published: February 12, 2020
‘If I don’t perform, I don’t get paid,’ says Francesco De Ferrari, of 66% increase in his potential bonus
Scandal-wracked financial services group AMP has given its chief executive a pay rise of up to $1.76m a year at the same time as unveiling a loss of almost $2.5bn.
Chief executive Francesco De Ferrari, who was brought in to turn AMP around after the banking royal commission hearings, said the decision to give him a 66% increase in his potential bonus was made not by him but by the company’s board.
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