Vodafone rings cynical tone with token gesture on executive pay
TALK about a late call. By the time Vodafone signalled a concession this week over long-term share awards granted to its top executives, the damage had already been done.
The "voluntary request" (a phrase underlining the City's talent for tortured tautology) made by Nick Read and Margherita Della Valle has stuck in the craw of some shareholders.
The timing of their offer to forfeit 20 per cent of the Ltip awards granted last month came hours after reports of ISS's recommendation that...