Nubank’s billionaire ceo scraps stock compensation after rout
Nubank’s billionaire ceo scraps stock compensation after rout"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
November 30, 2022 at 12:57 PM EST Lock This article is for SUBSCRIBERS ONLY. David Velez, the Colombian billionaire who helped found the world’s biggest standalone digital bank, has given up
his stock compensation after shares slumped 64% since their peak last year. Nu Holdings Ltd. said Velez, who serves as chairman and chief executive officer for the Sao Paulo-based company,
asked to end a stock-based incentive program relative to 2021. The executive also declined any new stock compensation tied to performance this year and in 2023, according to a
filingBloomberg Terminal. Itau BBA said the decision boosts its forecast for Nubank’s next year net profit by 15%.
Trending News
Hotel in Northumberland seaside village wound up by HMRC - Chronicle LiveWhat's OnHotel in Northumberland seaside village wound up by HMRCThe tax authority took action over the Schooner Hotel i...
Toowoomba - 4350 - location - abc newsThis service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service whi...
Air ambulance lands near Durham woodland with person taken to hospital after fallNewsAir ambulance lands near Durham woodland with person taken to hospital after fallA member of the public suffered inj...
Turkey holidaymakers warned they face £50 fine for bad habit when disembarkingAirline passengers in Turkey have been warned they could face fines if they leap up to grab their bags before the plane ...
Martin lewis shares important holiday passport warning for summer travellersDuring a summer special of Money Show Live, Martin Lewis covered a plethora of seasonal subjects encompassing everything...
Latests News
Nubank’s billionaire ceo scraps stock compensation after routNovember 30, 2022 at 12:57 PM EST Lock This article is for SUBSCRIBERS ONLY. David Velez, the Colombian billionaire who ...
‘blacklist’ edges ‘scorpion’ & ‘gotham’, ‘the originals’ slips in return – ratingsUPDATE PM: Another day, another across-the-board upward adjustment for ABC’s lineup, with both_ Dancing with the Stars_ ...
Man city receive 115 charges verdict as neville fumes amid newcastle lawyer viewGary Neville has voiced his indignation at the protracted Manchester City saga involving 115 charges, branding the lack ...
Germany vows to help rebuild ukraine's chernihiv stadium demolished by russian troopsAmidst the raging conflict in Eastern Europe, Germany has stated that it will help in rebuilding a football stadium dest...
People with a disability are more likely to die from coronavirus – but we can reduce this riskThe COVID-19 pandemic is terrifying for many of us, but people with a disability have more reason to worry than most. Pe...