BT and C&W face revolt on top pay


Sun, 2010-07-18


Britain's largest fixed-line telecoms groups, BT and Cable & Wireless, will this week become the latest members of the FTSE 100 to suffer a bloody nose over generous payments to executives.

Cable & Wireless, which has faced an annual shareholder rebellion over its pay awards since 2006, will once again face down angry investors at its first annual meetings as two separately-listed companies – C&W Communications and C&W Worldwide – on Wednesday.

Shareholder groups including Pirc and the Association of British Insurers (ABI) have issued alerts over executive remuneration packages.