Scandal-hit Prudential Life execs to return part of monthly remuneration
The company said the move follows findings that more than 100 sales employees defrauded about 500 clients out of 3.1 billion yen.
4 Articles
4 Articles
Scandal-hit Prudential Life execs to return part of monthly remuneration
Prudential Life Insurance Co. said Thursday that President Hiromitsu Tokumaru and two other executives will voluntarily return 30 percent of their monthly remuneration for three months to take responsibility for misconduct by sales staff including improperly receiving money from customers.
Prudential Life Insurance announced on the 8th that, in response to financial fraud committed by sales employees against customers, President Hiromitsu Tokumaru and two other executives will voluntarily return 30% of their monthly salaries for three months. The company also announced that it has taken disciplinary action, including dismissal, against 157 current and former sales employees involved in the financial misconduct…
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