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VTB refutes salary ratings, published in Forbes

22 November 2011

VTB Press Office states that the information on the salaries of VTB Group top managers – Yury Soloviev, First Deputy President-Chairman of VTB Bank Management Board, and Mikhail Kuzovlev, President-Chairman of the Bank of Moscow Management Board – published in the Forbes 2011 Salary Rating is incorrect.

The rating did not take into account data VTB was ready to provide. Forbes journalists used the information based solely on interviews with head-hunters. None of the newly assigned top managers of the group collaborated with recruitment agencies while discussing working conditions at VTB Group. VTB is surprised by the fact that the employees of a recognized and respective magazine disregarded their journalistic standards.

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