UK: Bowman could reap bonus worth millions as Allied cuts dividend - paper

By Chris Brook-Carter | 30 January 2001

Philip Bowman and other executive directors of Allied Domecq could be rewarded with share options worth six times their salary over three years, despite reports in today's Daily Telegraph that investors fear the scheme is not tied strongly enough to performance. In a separate plan, directors could also be handed awards of greater than one year's salary if the company's share price and dividend performance beats relative targets with competitors over the next three years.

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Philip Bowman and other executive directors of Allied Domecq could be rewarded with share options worth six times their salary over three years, despite reports in today's Daily Telegraph that investors fear the scheme is not tied strongly enough to performance. In a separate plan, directors could also be handed awards of greater than one year's salary if the company's share price and dividend performance beats relative targets with competitors over the next three years.

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