Feeds

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

Nice work if you can get it

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.