Tullett chief sees pay fall in 2013

Terry Smith, the veteran chief executive of interdealer broker Tullett Prebon, was awarded £2.9m in pay and bonus last year

Terry Smith, the veteran chief executive of interdealer broker Tullett Prebon, saw his base pay and bonus fall by nearly 10% last year, a period which he has described as "challenging" for the industry.

Smith's base salary and bonus package fell 9.4% to around £2.9 million last year, down from around £3.2 million in 2012, according to the broker's annual report which was published today.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.