Reckitt Benckiser Chief Kapoor Has Pay Cut After Korea Scandal
- Kapoor’s compensation reduced by 43% after bonus eliminated
- PM Theresa May has called for pay restraint for U.K. bosses
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Reckitt Benckiser Group Plc head Rakesh Kapoor, Britain’s third-highest paid chief executive officer two years ago, had his compensation cut by 43 percent in 2016 after a scandal over the sale of toxic household disinfectants in South Korea.
Kapoor earned 14.61 million pounds ($18.2 million), down from 25.5 million pounds in 2015, after having his bonus eliminated, the company’s annual report showed on Friday.