Jupiter shareholders pass CEO's remuneration package following revolt last year

70% increase in flat pay

Jupiter Asset Management has seen changes in its chief executive's remuneration package passed at its latest annual general meeting (AGM) following last year's shareholder revolt on executive pay.

Under the changes, the firm has hiked CEO Maarten Slendebroek's salary from £250,000 to £425,000, an increase of 70%, according to the Financial Times. The move is amid plans for the asset manager to overhaul its pay policy following a long history of smaller salaries and bigger bonuses compared to its peers. Slendebroek (pictured) can make up to 425% of his salary in short-term incentives along with a further 375% in long-term incentives, under the new plan, according to the Institutional Shareholders Services (ISS). In total, the chief executive can receive a maximum of £3.9m a y...