ABERDEEN ASSET MANAGEMENT BOSS NETS £ 3.8M PAYOUT
Asset Management chief executive Martin Gilbert saw his salary and bonus almost double last year to £ 3.8m. MrGilbert received a salary of £ 450,000 for the year to September 30. This was dwarfed by a bonus of £ 3.3m awarded after he met targets relating to growth of the company, operating efficiencies and staff and client retention. His bonus for 2009 was £ 1.5m. He will receive £825,000 in cash and £ 2.5m in shares which he will be able to cash in, in equal tranches in December 2011, 2012 and 2013. He also benefited from the vesting of 64,484 shares awarded under a long-term bonus scheme three years ago. These were worth more than £ 130,000 at last night’s closing price of 202p a share.