DBS CEO Piyush Gupta's total pay dropped 27% to $8.3 mn in 2023
Gupta's total compensation fell to S$11.2 million ($8.34 million) in 2023 from S$15.4 million in 2022, the annual report showed. The lower total compensation followed a cut in variable pay to take accountability of last year's digital banking disruptions at DBS, even as the Southeast Asia's largest lender posted a record 2023 profit with return of equity of 18%.
Gupta's total compensation fell to S$11.2 million ($8.34 million) in 2023 from S$15.4 million in 2022, the annual report showed. The lower total compensation followed a cut in variable pay to take accountability of last year's digital banking disruptions at DBS, even as the Southeast Asia's largest lender posted a record 2023 profit with return of equity of 18%.
