trending Market Intelligence /marketintelligence/en/news-insights/trending/Um1aEcn2SkOIK_5zxhUQig2 content esgSubNav
In This List

British Telecom reduces former CEO's bonus

Case Study

Supporting the Strategic Overhaul of a Large Corporation’s Credit Risk System


Episode 18: Data that Delivers


Episode 19: Network Transformation


NOS Portugal, Telenet Belgium lead way on 3-, 4-play bundle take-up in Western Europe

British Telecom reduces former CEO's bonus

Former British Telecom CEO Gavin Patterson agreed to receive only around half his approximately £1.3 million annual bonus, after shareholders raised questions about the amount, Reuters reported.

Patterson's bonus will be reduced to about £572,000, which the company says is "in the best interests of all stakeholders," the report said.

The news comes after the company planned to overhaul its management pay structure in December 2018.

Patterson, who has served as BT's CEO until Jan. 31, was replaced by Philip Jansen.