Shareholders want C&W bonus scheme changes

UK telecoms group Cable & Wireless is expected to drop a proposed £220m (€321m) executive pay package following opposition from shareholders.

The Association of British Insurers and six leading investors met management and their advisers last week to discuss alternatives to a private equity-style executive bonus scheme. Under the scheme, managers stand to gain £220m if the company's share price doubles to 228p by 2010.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump