Pru chief Thiam set for £5.2m pay day

Prudential boss Tidjane Thiam is due to earn a pay package worth up to £5.2m this year as he spearheads the biggest takeover in the insurer's history.

Thiam has been earmarked shares worth a potential £2.7m under a rolling three-year incentive scheme, on top of a £900,000 salary and annual bonus windfall of up to £1.6m. The insurance giant's annual report shows that its chief executive, who took on the top job last October, is in line for up to 300% of salary in deferred shares from the long-term performance pay plan, which could leave him with stock worth nearly £9m by 2013. He is entitled to an additional annual bonus worth a maximum of 180% of salary, of which half must be taken in deferred shares. Details of Thiam's 2010 pay ...