Pressure mounts on Pru boss - Papers

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.

Mr Thiam is paid a basic salary of £900,000 but can, for his work during the company's current financial year, take home a further £1.6m through the life insurer's annual bonus scheme with a further £2.7m available through its share-based long-term incentive plan, reports The Independent. A Prudential spokesman said that bonus payments would not be decided on until the end of the year. The company's results will be hit by a £153m break fee if, as now expected, its takeover of Asian insurer AIA fails. However, advisory and underwriting fees to a phalanx of banks, lawyers and public rel...