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Stock impact report

Manulife CEO’s compensation increases in 2019 [Advisor.ca (Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: Advisor.ca
The chief executive of Manulife Financial Corporation saw his total compensation increase in 2019. In an information circular The 2019 compensation comprised a base salary of $1.5 million, an annual incentive of $4.9 million and share and option-based awards of more than $7 million. The annual incentive was equivalent to 168% of Gori’s target, the firm said in the circular. “Gori continued to drive Manulife’s ambitious transformation agenda in 2019, moving us closer to our goal of becoming the most digital, customer-centric global company in our industry,” the firm said. “Under his leadership, we continued to sustainably grow net income and core earnings, free up capital so it can be put to best use, and accelerate growth in our highest-potential businesses while maintaining discipline on costs,” Manulife said. Manulife reported net income attributable to shareholders of $5.6 billion in 2019, up $0.8 billion from 2018. Gori’s target total direct compensation for 2020 is set at $9.9 mi Show less Read more
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