BB President asked for a 57% increase and won 4.62% from shareholders

BB President asked for a 57% increase and won 4.62% from shareholders
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The assembly meeting also frustrated readjustment plans for the vice-presidents, who tried to increase salaries from R$67,105 to R$90,188, as well as directors, who hoped to increase their salaries from R$56,873 to R$69,242. The adjustment for them will also be 4.62%, well below what was intended. The annual cost for BB is R$76.17 million.

Like Tarciana, vice-presidents receive, in addition to their salary, remuneration for participation in councils that exceeds R$100,000. UOL asked the bank for advice and the value of the remuneration, but BB said it would not inform.

Regarding the adjustment approved this Friday (26), BB said that the information is public and did not comment on the decision.

Compensation

Under Tarciana’s presidency, BB also changed the rules of Paet (Alternative Program for Executives in Transition). From now on, all executives, directors, vice-presidents and the president herself will receive a bonus if they lose their positions of trust and return to their previous roles, in a downgrade within the bank. To do this, they must have held senior positions for at least six months.

Until then, the bonus was only paid to those who retired or were dismissed. The change, which increased the number of people served at Paet and benefits all of the BB president’s nominees, was not analyzed by Sest (Secretariat for Coordination and Governance of State Companies). When contacted by UOL, Sest did not respond about the change being made without its approval.


The article is in Portuguese

Tags: President asked increase won shareholders

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