Business Services Industry
Executives at Britain's Yell Group, Reed Elsevier pocket share sales, awards.
Knight Ridder/Tribune Business News, August, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Aug. 26--It was a bumper payday for directors of two FTSE 100 companies who pocketed more than UKpound 18m from share sales and awards.
Yell boss John Condron raked in UKpound 11m from cashing in shares while publisher Reed Elsevier welcomed a new director with a UKpound 2.5m package.
Condron also made UKpound 6m from the phone book float last summer. His finance director John Davis hit the jackpot by netting a UKpound 5m windfall from his shares.
The pair were expected to offload stock soon after an embargo -- imposed when the firm floated -- expired. Even so, Yell's share price fell 8 3/4p, or 2.5 percent, to 336 1/2p on the news.
Condron still has 3.3m shares...
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