Jun. 8 at 8:00 PM
$PRU Prudential’s problem is the leadership structure. The CEO is also the Chairman of the Board, so the person who’s supposed to be held accountable is the same person running the board that’s supposed to hold him accountable. Add a C‑suite that has spent 20 to 40 years inside PRU and you get exactly what you see. Zero turnover, zero urgency, and market returns that badly trail every major peer. And yet this same C‑suite paid itself enormous compensation in 2024. The CEO took home about
$27 million, the Vice Chair
$21 million, the CFO
$12 million, & the heads of the U.S. and International businesses another
$8–11 million each. Most of that pay comes in stock awards with a cost basis of zero. They receive shares at no cost & cash them out at full market value even if the stock hasn’t gone up at all. There is no incentive to grow shareholder value, it’s just printing money.
