Second half of Mannesmann bonus...
By Aled Herbert
Published: 11 June 2002 08:25 GMT
Vodafone's remuneration committee is mulling whether a £1.5m bonus for CEO Chris Gent should be approved by shareholders.
Although Gent has met all the targets required to secure the bonus, Vodafone's share price recently crashed to a four-year low last month and executives are frightened of a shareholder backlash.
The bonus is the second part of a £10m award awarded to Gent in 2000 following the takeover of Mannesmann.
The second part of Gent's bonus shares were worth £5m when awarded, but have since depreciated to £1.5m.
The remuneration committee is set to meet in the next two weeks, reports the Financial Times.
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