Business Services Industry
Reuters, Royal Bank of Scotland Executives Receive Significant Bonuses.
Knight Ridder/Tribune Business News, March, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Mar. 20--Bumper pay for Royal Bank of Scotland and Reuters bosses kept the boardroom pay controversy simmering.
Reuters chief executive Tom Glocer collected a thumping UKpound 3.3 million last year while UKpound 6.4 billion was wiped off the media giant's stock market value.
Glocer, 43, got a UKpound 612,000 bonus and UKpound 282,000 in benefits on top of UKpound 816,000 salary. He was granted 232,974 free shares, worth UKpound 1.3 million at the time of award, and 1.38 million options. This leaves him with 630,394 shares and 2 million options.
Reuters' total board pay rose 10 percent to UKpound 4.7 million in a year when it plunged to UKpound 516 million after-tax...
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