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The compensation consisted of $1.85 million in base salary, $12.46 million in annual variable cash compensation and $18.69 million in equity-based pay, the bank said.
Waldron had earned $18.5 million for 2020 after his compensation was slashed by $7 million for the bank’s role in the 1MDB scandal. Top executives at the bank took a pay cut to settle legal costs related to the corruption scandal.
In January, the bank disclosed Chief Executive Officer David Solomon was awarded a total compensation of $35 million for 2021.
