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BT chief executive's £8m pay package could be slashed in major overhaul

The BT chief executive's £8m pay package could be slashed in a major overhaul. The amount 52-year-old Philip Jansen can receive at the telecoms group is dictated by a 2017 regime that includes performance-related share payouts. But this could be replaced with a restricted shares scheme that pays out less, a company spokesman confirmed. This includes a £1.1m salary, an annual bonus of up to 240 per cent of that, an incentive share plan (ISP) bonus worth up to 400 per cent and pension contributions worth 15 per cent. A BT spokesman said the pay changes would be considered at next year's AGM. Some links in this article may be affiliate links. If you click on them we may earn a small commission.

First found on: www.thisismoney.co.uk