£5.2m pay package for Prudential chief

Prudential boss Tidjane Thiam will earn a pay package worth up to £5.2m (€5.9m) this year as he spearheads the biggest takeover in the insurer’s history, it was revealed today.

Mr Thiam has been earmarked shares worth a potential £2.7m (€3m) under a rolling three-year incentive scheme, on top of a £900,000 salary and annual bonus windfall of up to £1.6m (€1.8m).