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Vodafone deaf to Fat Cat pleas
Gent gets fatter on company cream...

By Kate Hanaghan

Published: Wednesday 19 June 2002

Vodafone this morning slipped into the red after the company defied pleas from shareholders to rein-in bonuses and stock options for bosses.

It has been revealed that Chris Gent, the company's chief was paid £2.42m last year plus £1.6m worth of Vodafone stock. All this in the year Vodafone racked-up not only its greatest loss ever but the biggest loss ever recorded in UK corporate history.

A breakdown of Gent's salary shows he earned £1.19m basic salary plus £1.2m in benefits.

Vodafone's move is in stark contrast with German rival Deutsche Telekom which has chosen not to reward its board members with stocks after its share price collapsed.

As of 11:00(BST), Vodafone share were down 1.88 per cent to 92p.