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August 7, 2009

Execs cash in on BSkyB’s success


by David Allen

Performance bonuses have had a bad press recently, mainly because of the way that the banking industry worked its bonuses.

However, in the real world of business, things are a lot tougher for all concerned, and it is the senior managers responsible for guiding the business who now reap the rewards of success.

BSkyB has had a good year as figures showed and the top three at Sky, James Murdoch, Andrew Griffith and Jeremy Darroch, have all cashed in their shares worth millions of pounds.

The former chief exec, James Murdoch, received £4.87 million for 913,000 shares at 533p, Andrew Griffith the CFO sold 332,000 shares valued at £1.77 million, while the current chief executive Jeremy Darroch also cashed in shares to the value of £3.73 million.

Mr Darroch’s salary was also increased by 19% to £2.32 million.

Story link: Execs cash in on BSkyB’s success


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