Standard Chartered CEO Takes On Shareholders Over Pay: FT

The transcript discusses the controversy surrounding Standard Chartered CEO Bill Winters' cash pension allowance of nearly $600,000, which is 20% of his total salary. Shareholders oppose this, calling it excessive compared to average workers. Winters' response, labeling the opposition as 'immature and unhelpful,' is criticized as a poor strategy. The discussion extends to comparisons with other UK banks like Lloyds and HSBC, and questions the necessity of cash allowances in CEO pensions.

What is the general sentiment regarding CEO compensation in the UK as mentioned in the text?

What criticism does the text imply about Bill Winters' response to shareholder concerns?