SABMiller’s Graham Mackay bags £14m
Graham Mackay, the former chief executive of SABMiller, pocketed total pay of nearly £14 million last year after a lucrative share scheme paid up.
The brewer of the Peroni and Pilsner Urquell lagers announced in April that Mackay has a brain tumour and it repeated today that it is still too early to say when he will return as non-executive chairman.
Mackay took home a total package of £13.9 million for the year to March, compared with £5.9 million a year ago. The bulk of this increase came from the £7.7 million he received after a long-term incentive plan - bumped up by the strong rise in its share price - vested.
SABMiller’s shares are up by 9 per cent so far this year and have rocketed since Mackay floated the brewer in London in 1999. Someone who had invested £100 in SABMiller five years ago would now have £354 in their pocket, as opposed to the £136 based on the FTSE100 average.
Mackay’s diagnosis forced the company to bring forward by three months the anointment of Alan Clark, SABMiller’s chief operating officer, as chief executive. In April, Mr Mackay said SABMiller would be in "excellent hands" once Mr Clark took over as chief executive and that he was "inexpressibly proud" of the company.
He added: "I certainly do not expect there to be any impact from this development on [SABMiller's] operations or strategic direction, which will continue to run as normal."
- 1 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
General Election 2015: David Cameron catching up in polls – but he badly needs a clear lead
South Africa xenophobic attacks: Shops looted and violence on streets of Johannesburg as foreigners are forced to hide in police stations
Earthworms rain down from skies over Norway, puzzling scientists
18th century sex toy found in 'toilet of sword fighting school' in Poland
'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
General Election 2015: Polish prince challenges Nigel Farage to a duel over immigration question
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...