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General

KPN, bonuses and the FTTH dilemma

Friday 21 May 2010 | 12:20 CET | Author: Tim Poulus | Market Commentary
Het Financieele Dagblad has reported some turbulence in KPN about the company's bonus structure for the period 2008-2011. Forty directors could see their annual salaries double or triple if certain cash-flow targets are met, assuming they stay on until 1 May 2011. The company has reportedly set aside EUR 60-70 million for the plan. KPN is working on a new structure for the period after 2011, which according to the paper takes account of a new strategy under development this year and the current public debate over top salaries. Two issues are at play here: the end of CEO Ad Scheepbouwer's

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Categories: General
Companies: KPN / Reggefiber
Countries: Netherlands
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