Tag #José Manuel Villarejo

How did BBVA structure its deferred bonus payments in 2018, and what conditions are attached to reclaiming those bonuses?

BBVA's final bonus payments for 2018, including deferred compensation, highlight the bank's complex remuneration structure and its potential legal exposure. The delayed payments, structured in 2018 with 40% paid immediately and the rest deferred until 2024, now allow the bank to assess whether to reclaim bonuses from former executives involved in the Villarejo case. This decision hinges on whether the bank deems the alleged actions to have caused significant reputational damage.