Feeds

Chris Gent's generosity continues – for himself

How d'you fancy £800,000 Chris? I do, Chris

  • alert
  • submit to reddit

The essential guide to IT transformation

Chris Gent's generosity knows no bounds. Having announced a massive share option scheme for Vodafone staff yesterday, he promptly treated himself to the same.

And just to deflect claims he was going soft, this immodest man awarded himself a disproportionate amount of shares. Eight million of them. Which, at the price of 157.5p, amounts to a tasty £835,000.

But then he's going to need them - his current shareholding in his company is worth half what it was this time last year. You can't expect him to live like a pauper. Besides, the £10 million he awarded himself for pulling off the Mannesmann deal has already gone on furnishings.

More interesting Gent finance factoids: under a previous deal, he will get another million or so shares at 151.5p; since Vodafone's share price went up by 10p yesterday, he has made £1.1 million in the last 24 hours; he earns just under £7 million a year for his work as CEO. Nice work if you can get it.

Despite some crazy people suggesting that the award was a little excessive, the company gave a perfectly reasoned argument: "These options were approved at the last AGM," said a spokesmonkey. And of course they are reliant on him meeting performance targets. Which, er, he and his directors kinda decide themselves.

Imagine the fattest cat you have ever seen. Now think Jumbo Jet. ®

Related Story

Vodafone employees get vast share options

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.