Standard Life Chairman Says Executive Pay Too High in London

  • 22.3% of shares voted at meeting against compensation report
  • Pay ‘tightening and will continue to tighten,’ Grimstone says

Gerry Grimstone.

Photographer: Nelson Ching/Bloomberg

Standard Life Plc Chairman Gerry Grimstone told shareholders at the firm’s annual general meeting in London that executive pay is “too high” across the U.K.’s financial services industry.

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