Boss of British Gas owner Centrica saw his pay slashed by more than half last year after slump in profits



The boss of British Gas owner Centrica saw his pay slashed by more than half last year after a slump in profits.
Iain Conn picked up £1.7m, down from £4m in 2016, and did not get any annual bonus because of poor performance.
He would have otherwise been entitled to a payout worth £600,000.
Pay-setters have also cut the maximum he could get under long-term bonuses this year from £2.8m to £2.3m because of a steep fall in the share price.
Conn’s base salary of £936,000 a year has been frozen until the situation improves.
Centrica profits dived 80 per cent to £486m last year because its... read more

 
6 April 2018 in Business, Views: 117
Source: Daily Mail
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