Of the money Sir Christopher received, $1.18 million was awarded as a bonus. Other heads of lossmaking telcos have turned down bonuses: Deutsche Telekom CEO Ron Sommer, along with other board members, has rejected stock options.
The shareholders are requesting a revised pay policy and clearer guidelines, since the amount paid to Sir Christopher was somewhat above average. Vodafone has now agreed that a revision is in order, saying that in future 80% of the pay will be performance related.
Vodafone will finalize the deal at some point in the future, following comparisons with other operators and companies.
