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UK - BT to link executive pay to revenue growth.(Financial report)

Europe Intelligence Wire

| May 30, 2011 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Telecompaper UK)

BT's top executives will have some of their remuneration linked to a revenue growth target for the first time, amid mounting concern about the telecoms group's falling sales, the Financial Times reported. Under a long-term incentive plan, three senior managers led by chief executive Ian Livingston will be awarded shares only if they hit a three-year revenue growth target. The remuneration change was outlined in BT's annual report, which also disclosed …

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