Unstructured Finance

Payday at Man Group

Reports of potential shareholder unrest at Man Group.

rtxabt1A Times article reports on fund manager anger over an “arms race” in executive pay and juxtaposes this against Man CEO Peter Clarke’s $14.4 mln pay.

It says several institutional investors it contacted “said that they had not yet decided whether to protest over remuneration at Man”.

Man Group’s annual report reveals Clarke received $920,000 in salary, about half that again in pension and benefits, plus a cash bonus of $6 mln in the year to March. In addition, he received $7.4 mln in deferred shares and options, subject to performance.