- Vodafone's (VOD) senior team of 250 managers will make £56M when the U.K. carrier completes the sale of its 45% stake in Verizon Wireless to Verizon Communications for $130B.
- Vodafone has promised to use the proceeds of the deal to pay 112 pence a share to its stockholders in cash and Verizon Communications shares.
- As owners of 50M Vodafone shares, the managers will receive £16M in cash and £40M in Verizon stock. CEO Vittorio Colao will get over £10M, not far off the £11M salary he earned last year.
From other sites
Video at CNBC.com (May 19, 2015)
at CNBC.com (May 18, 2015)
Video at CNBC.com (Apr 10, 2015)
at CNBC.com (Mar 16, 2015)
Video at CNBC.com (Mar 16, 2015)
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