STANDARD Life chief executive David Nish has been handed a multi-million pound incentive to prove to the City that it is drastically underestimating the insurer's profit potential.
STANDARD Life chief executive David Nish has been handed a multi-million pound incentive to prove to the City that it is drastically underestimating the insurer's profit potential.
REWARD: David Nish will be able to cash in the shares if he manages to steer the insurer towards a number of targets. Picture: Sam Sloan
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tim sharp
The Edinburgh pensions and investment giant yesterday awarded Mr Nish 753,000 Standard Life shares which have a market value of £1.6 million at last night’s closing share price of 213.5p.
But under the terms of the long term incentive plan he will only be able to cash in the full award if he delivers operating profit growth of 24% a year until 2013.
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