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Boom time

This article is over 23 years, 6 months old
Issue 1708

Boom time

THE VALUE of share bonuses for top executives has doubled over the past year, says a new report. Chris Gent of Vodafone has just pocketed 10 million and Bob Ayling received 2 million for agreeing to vacate his position at British Airways.

The survey, by actuarial firm William Mercer, revealed that the average value of share options to executives was twice their annual salary. Even Marks & Spencer, the ailing stores group, has just introduced a “grant scheme” which means the best paid 80 managers will get payments worth up to twice their salary.

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