Prudential's departing CEO Thiam earned $17.5 million in 2014

Prudential paid outgoing chief executive Tidjane Thiam 11.8 million pounds ($17.45 million) in 2014, a 35 percent increase on his 2013 compensation, following a bumper incentive plan payout in his final year in charge. Thiam, who is leaving the dual-listed British insurer to join Credit Suisse in May, was awarded 8.25 million pounds as part of the company's three-year LTIP and earned a 2.12 million pounds bonus for his performance last year, Prudential's annual report showed. Mike Wells, head of Prudential's U.S. business - and the executive most widely tipped to succeed Thiam - was the company's second highest paid board member, earning total compensation of 11.39 million pounds. The company said it would also increase the fee paid to Chairman Paul Manduca by 16.6 percent to 700,000 pounds from July, in recognition of the "increased demands" of his role.

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