Two days after three of its employees were put on administrative leave for improper trading – and on the very day it received a subpoena – a Franklin Resources proxy statement revealed that 70-year-old Chairman and CEO Charles Johnson has been awarded a $2 million bonus.

Co-presidents Martin Flanagan and Gregory Johnson, who are to become co-CEOs this coming Thursday, Jan. 1, each received $1.05 million bonuses, Reuters reports.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.