DBS Group's India-born CEO Piyush Gupta takes $4.1 million variable cut. Here's why
10 months, 2 weeks ago

DBS Group's India-born CEO Piyush Gupta takes $4.1 million variable cut. Here's why

Hindustan Times  

Singapore's biggest lender DBS Group Holdings Limited has said that its chief executive officer Piyush Gupta took a 30 per cent cut in variable pay which amounts to Singapore $4.1 million, Bloomberg reported. Piyush Gupta, Chief Executive Officer of DBS Group In March 2023, the digital services of DBS Group suffered a ten-hour outage, termed ‘unacceptable’ by the Monetary Authority of Singapore. On October 14, DBS's and Citibank's online banking and payment services went offline from around 3 p.m. Singapore time with services only fully resuming on Sunday morning, Singapore broadcaster CNA reported. Gupta was named one of the world’s top 100 best-performing chief executives in Harvard Business Review - 2019 edition of "The CEO 100".

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History of this topic

Singapore's biggest bank DBS has an Indian-origin CEO. His salary is…
9 months, 2 weeks ago

Singapore's biggest bank DBS has an Indian-origin CEO. His salary is…

Hindustan Times  

Piyush Gupta, CEO of Singapore's biggest bank DBS Group and one of the highest paid CEOs in the city-state, saw his total compensation dropped 27.3% for 2023, according to the lender's annual report published on Wednesday. Gupta's total compensation fell to S$11.2 million in 2023 from S$15.4 million in 2022, the annual report showed. The lower total compensation followed a …

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