Prudential CEO £7.8m bonus confirmed despite FSA censure

Prudential paid its chief executive officer Tidjane Thiam £7.8m last year despite him being reprimanded by the Financial Services Authority (FSA) over a bid for AIA Group.

In its annual report, the company said Thiam (pictured) received a £1m salary, a £2.9m bonus and £4.4m in long-term incentives for his performance in 2012. The firm paid its directors £35.2m last year compared with £31.4m in 2011. Thiam last week received a public reprimand from the FSA for not informing the regulator of its offer for AIA Group early enough in 2010. He became the first serving chief executive to receive a reprimand from the regulator and Prudential was fined £30m. Prudential's shares have risen almost 90% since the deal fell through three years ago. The compa...