Wednesday, May 12, 2010

Minority Shareholder Demands Disclosure of Sberbank CEO’s Compensation

Alexey Navalny, a minority shareholder of Sbernbank, filed a claim with a Moscow court demanding that the bank disclose the compensation of its CEO and Board Chairman German Gref. Sberbank is the biggest bank in Russia, 60%-owned by the Central Bank of Russia. While the bank publishes aggregate figures of the compensation paid to its top managers, individual amounts remain unknown.

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