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Singaporean bank DBS CEO Gupta's total pay dropped 27% to $8.3 mln in 2023
The logo of DBS pictured outside an office in S'pore 5 Jan 2016. REUTERS/Edgar Su/File Photo Purchase Licensing Rights
Piyush Gupta, CEO of Singapore's biggest bank DBS Group (DBSM.SI), opens new tab 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 ($8.34 million) in 2023 from S$15.4 million in 2022, the annual report showed.
The lower total compensation followed a cut in variable pay to take accountability of last year's digital banking disruptions at DBS, even as the Southeast Asia's largest lender posted a record 2023 profit with return of equity of 18%.
Banks - Now you know who to employ as your CEO
$2,000 + $3,000 = $4,000
