Comment: Ladbroke's incentives are a good bet
Thursday 10 April 1997
Approximately half of this sum comes from the LTIP, which appears, from the little we are told about it in the annual accounts, to be based solely on the performance of Ladbroke's share price. Fortuitously for Ladbroke's executive directors, the plan was set up when Ladbroke's share price was on the ropes. That's helped Ladbroke to become the 23rd best-performing share in the FTSE 100 share index over the past three years and apparently justifies this whopping great payout.
Such are the delights of these Greenbury-approved LTIPs, however, that Mr George would have received something like pounds 160,000 even if Ladbroke had underperformed the index and the company come in at number 75. Some incentive. Subject to shareholder approval, the accounts say, the remuneration committee has decided to introduce modifications to the scheme this year "to make the achievement of reward more demanding".
Good of them, that, but it's not clear it will make much difference. For the remuneration committee receives "regular advice from external independent consultants", you see, and they say that executive pay should be in line with Ladroke's leading competitors and "other companies which operate internationally". Thus is the going rate for the job perpetually bid upwards.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...