StanChart bows to investor ire by cutting pension of CEO Winters
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LONDON (Reuters) - Standard Chartered joined some of its British rivals in cutting its chief executive's pension allowance on Friday after protests from shareholders, putting pressure on other banks such as Lloyds to follow suit.British banks have faced mounting criticism from investors for awarding their top executives more favourable pension arrangements than the rest of their employees. Standard Chartered said its CEO Bill Winters and Chief Financial Officer Andy Halford had agreed to have..