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Prudential CEO pay drops 30 pct to $8.6 mln in 2016-annual report

Reuters - UK Focus

LONDON, March 24 (Reuters) - Prudential Chief Executive Mike Wells' pay fell 30 percent to 6.9 million pounds ($8.62 million) in 2016, the insurer's annual report showed on Friday.

The drop includes a 1.8 million pound decline in payment to Wells under the firm's long-term incentive plan, the report showed.

Prudential (SES: K6S.SI - news) said in the report three of the firm's top five earners were below executive director level, earning collectively 22.3 million pounds. ($1 = 0.8008 pounds) (Reporting by Carolyn Cohn; editing by Simon Jessop)