Controversy
Shareholder groups have repeatedly warned about excessive executive remuneration at the company. Before it split into two separately listed companies in early 2010, Cable & Wireless suffered one of the biggest shareholder rebellions in 2009 when 38pc of the shareholder register failed to back the company's pay policy at a fiery meeting. The company's highly controversial long-term incentive plan (LTIP) is calculated on 10% of the company valuation and is claimed to pay out to senior managers, in fact the members of the LTIP are only the executive directors who for the year 2009/2010 share a £60 million bonus pool.
Read more about this topic: Cable & Wireless Worldwide
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