Feeds

BT boss gets £725,000 bonus for failing to buy MCI

Nice work if you can get it

  • alert
  • submit to reddit

Intelligent flash storage arrays

BT chief exec Peter Bonfield has seen his pay rise by just eight per cent over last year, but when you're getting the kind of wedge he's on, that means quite a few extra greenbacks. With bonuses included, PB trousered a whopping £2.5 million -– that's eight pence a second -– in the last 12 months. But somewhat perversely, £725,000 of that was a bonus paid for Bonfield's embarrassing failure to buy out US rival MCI last year when relative minnow Worldcom snaffled MCI out from under telecomm behemoth BT's nose. Now look here, chaps, it may have escaped your notice, but we here at Team Register also failed to buy MCI last year, so can we please have a large bonus too? With BT profits up 30 per cent to £4.3 billion, we know you can afford it. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.