6/6/2012 11:27:23 AM
Vodafone Group CEO nets £14m pay package
Vodafone Group CEO Vittorio Colao saw his pay package more than double to around £14m thanks to share options and bonuses.
The company's annual report, published late last week, revealed that Colao's package more than doubled from the £6.6m he received last year. The Group CEO had a salary of £1.1m, short-term bonuses worth £1.03m, and benefits and other payments worth £899,000.
However, at the end of June a long-term share bonus scheme worth £10.99m is due to vest, taking Colao's payment package to around £14m. The report said Colao will hold 100% of those shares for an additional two years.
Editor: Graeme Neill