Telecoms Executives in Line for Huge Cash Bonuses ; Telecoms

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Top executives at telecoms giant Cable & Wireless could receive unlimited multimillion-pound bonuses under changes to its controversial pay plan.

C&W yesterday confirmed it is proposing to scrap the individual pounds 20 million cap on performance-related bonuses for the group's 60 executives, while also introducing an incentive package for chairman Richard Lap-thorne, potentially worth millions in three years.

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Telecoms Executives in Line for Huge Cash Bonuses ; Telecoms

The plans come just a year after the group caused shareholder outrage with the launch of its incentive scheme, deemed too generous a...

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