BT chief Ian Livingston gets £9.1m but Tesco boss Philip Clarke misses bonus
Two of the FTSE’s biggest bosses have
banked rather different pay packets, it was revealed today.
BT chief executive Ian Livingston saw his package leap to almost £9.1 million against £7.7 million a year ago, while Tesco head Philip Clarke received no bonus for the second year running.
Livingston’s short-term pay and perks fell slightly on a year ago to £2.4 million as he picked up a basic salary of £925,000 and a cash bonus of £1.2 million, or 129 per cent of base salary.
He also pocketed shares worth £653,000 that vested after three years.
But his biggest windfall came from a long-term incentive share plan worth almost £6 million.
BT pointed out it was only the second time the ISP had paid out in full after a strong performance from the telecoms giant, whose shares have reached a six-year high.
Livingston’s 2012 package included an additional £1.2 million that he will receive in three years’ time, so long as he stays in the job.
Clarke pocketed £1.17 million, following the supermarket giant’s statutory pre-tax profit falling from £4 billion to £1.96 billion last year.
Tesco also announced that Tim Mason, the chief executive of its failed United States business, walked away from the job with nearly £3 million last year.
This came despite Fresh & Easy decimating the grocer’s bottom line.
- 1 The West has it totally wrong on Lee Kuan Yew
- 2 Watch: Man takes selfie every mile of 2,600 mile hike, creates amazing timelapse video
- 3 The day I starred in Only Fools and Horses
- 4 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Revealed: Putin's army of pro-Kremlin bloggers
Germanwings plane crash: Co-pilot Andreas Lubitz wanted to 'do something people would remember him for'
The West has it totally wrong on Lee Kuan Yew
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...