Bart Becht Earns £93 million as CEO of Reckitt Benckiser
It has been revealed that Britain’s corporate payments have reached a high echelon. This comes with the revelation of the salary offered to Bart Becht, Chief Executive of Reckitt Benckiser. According to sources, the salary offered to him last year was £93 million.
This revelation has come just days after Richard Lambert, the CBI Director-General, stated that executives carried the risk of being perceived as aliens from another galaxy because of their colossal pay packages.
According to reports, Frank Chapman was offered a £28 million annual salary as the Chief Executive of BG Group, while Irene Rosenfeld of Kraft registered an increase of 41%, which boosted her salary to $26.3 million following the takeover by Cadbury
Becht’s package predominantly comprised gains from share options granted between 2001 and 2005. These share options resulted from the group’s increasing share price. It is claimed that in the duration of the past year, Becht used a number of share options. These amounted to approximately £75 million. Performance-based restricted shares accrued £13.1 million.
The CEO’s, basic salary for 2009 is estimated to be £1 million, which was accompanied by a bonus of £3.5 million and other benefits which also include his pension contribution of an estimated £400,000.