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Vodafone CEO takes $1.6 million bonus cut after shares fall
short by Dharna / on Thursday, 11 July, 2019
Vodafone Group CEO Nick Read and CFO Margherita Della Valle have voluntarily requested a 20% reduction in their three-year share awards after company's shares fell 30% in 12 months. The company said Read will give up stock worth $1.6 million, reducing his share bonus to about $6.4 million. This follows a shareholder advisory group objecting to Vodafone's latest remuneration plan.
read more at The Guardian