MUFG Bank Cuts Executive Pay over Customer Asset Thefts
Tokyo, Jan. 16 (Jiji Press)--MUFG Bank said Thursday that it will cut compensation for President and CEO Junichi Hanzawa and four other executives over a former employee's alleged massive thefts of customer assets from safe deposit boxes. Hanzawa and Chairman Naoki Hori will take a 30 pct cut in monthly pay for three months. The Mitsubishi UFJ Financial Group Inc. unit on Thursday submitt...
Tomas Kauer - News Moderator 
Tokyo, Jan. 16 (Jiji Press)--MUFG Bank said Thursday that it will cut compensation for President and CEO Junichi Hanzawa and four other executives over a former employee's alleged massive thefts of customer assets from safe deposit boxes. Hanzawa and Chairman Naoki Hori will take a 30 pct cut in monthly pay for three months. The Mitsubishi UFJ Financial Group Inc. unit on Thursday submitt...
