Why Co-op Bank CEO earned Sh260m bonus

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Co-operative Bank’s chief executive Gideon Muriuki. FILE PHOTO | NMG

Co-operative Bank’s #ticker:COOP chief executive, Gideon Muriuki, earned Sh260.3 million in bonus last year, the largest in the banking industry, under the bank’s performance-based reward system for staff.

The lender says it rewarded the CEO for protecting shareholder returns while navigating the bank through the Covid-19 pandemic.

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Note: The results are not exact but very close to the actual.