C&W tests investors' patience on bonuses

Cable and Wireless risks sparking another row over pay as the group tests the waters to see if investors would approve a new high-reward incentive scheme to retain top management, the Financial Times reports.

Senior executives are about to receive close to £100 million in pay-outs from its controversial remuneration programme.

Richard Lapthorne, chairman, is understood to have met investors to see if they would support a new long-term incentive plan. C&W had previously promised to return to a more conventional remuneration programme, but the company may now be looking to retain some elements of its "private equity-style" payments, according to the FT.

With C&W now worth nearly £1 billion more than three years ago and the excecutive team is in line to get about 10% of this - or £100 million.

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