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General

BT board to claw back CEO pay after Italy scandal - report

Tuesday 18 April 2017 | 15:28 CET | News
BT Group CEO Gavin Patterson may have to pay back a substantial portion of his salary package due to the fallout from an accounting scandal in Italy that saw the company's shares plummet by over 20 percent, according to unnamed sources cited by Bloomberg. The operator's board may use clawback provisions introduced last year to force Patterson to hand back some of his pay, which amounted to GBP 5.4 million including bonuses in fiscal 2016. In January BT announced that "the extent and complexity of inappropriate behaviour in the Italian business were far greater than previously identified",

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Categories: General
Companies: BT / BT Italia
Countries: Italy / United Kingdom / World
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