Business Services Industry
CEO of British Broadcasting Firm ITV under Scrutiny over Bonus Amount.
Knight Ridder/Tribune Business News, March, 2004
By Lucy Farndon, Daily Mail, London Knight Ridder/Tribune Business News
Mar. 17--ITV chief executive Charles Allen is in line for a share award worth up to UKpound 2.8 million in July, which could escalate the row about "fat-cat" payouts at the broadcasting group.
Including his UKpound 1 million basic salary and other benefits, Allen could earn close to UKpound 5 million this year, though he has only held on to his job by the skin of his teeth. ITV says the full payout is unlikely.
Shareholders are already threatening to revolt at ITV's annual meeting next month over the UKpound 15 million payoff to former Carlton boss Michael Green. Green was rejected as the incoming chairman for ITV when Carlton and Granada merged, but Granada chief...
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