Ceo Orcel's Annual Pay Soars as Unicredit Awards Top Executives with $43.5 Million Pool
UniCredit Chief Executive Andrea Orcel's pay package has increased by almost a third last year to 13.2 million euros ($13.8 million), including a one-off share award, the Italian bank said in documents published on its website late on Tuesday. The former UBS investment banker stands to earn as much as 16.4 million euros in 2025 if he manages to exceed this year's targets. UniCredit has awarded top executives a significant pool of bonuses, with the average individual payment totaling up to 199,000 euros for "material risk takers".
- The rising wealth of executive pay packages among major banks raises concerns about the concentration of power and wealth within corporate leadership.
- How will regulators respond to the growing trend of large bonus payouts in the financial sector, potentially exacerbating income inequality?