Prudential Japan executives take pay cuts over staff misconduct
FROM THE PUBLISHER
Top executives at Prudential Financial’s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers’ money.President Hiromitsu Tokumaru and two others will take a 30% reduction in compensation for three months to take responsibility for the matter, the company said in a statement on Thursday. The investigative committee found that issues at the unit of the U.S. insurance group, Prudential Life, stemmed from structural…
Original reporting by The Japan Times. Some articles may require a subscription.