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The Winters of their discontent

Paul Jackson

The Winters of their discontent

As gaffes go, it was hardly an Icarus moment. In an interview with the Financial Times, Bill Winters, the chief executive of Standard Chartered (STAN), had been talking about his concerns over inequality. Inevitably, his pay had come up, not least because of a protest vote against the size of his pension at its recent annual meeting. Mr Winters wanted to get the conversation back on track. He was "perfectly happy to participate in a discussion about whether executive pay is too high outright, or relative to something else," he said, but "picking on individual pension arrangements... and suggesting that there is some big issue there is immature and unhelpful." 

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