- BT Group (BT +1.3%) chief Gavin Patterson got an 18% pay raise last year, and it would have been higher but for customer-service problems at the UK incumbent telecom.
- Patterson earned £5.4M (about $7.9M), with base pay of £969K (up 2.4%) boosted by a £3M award in the company's stock-price incentive share plan.
- His bonus, however, was restricted to 45% of the maximum target bonus due to customer-service issues.
- Under pressure due to the issues, the company has promised investing up to £6B into its broadband network to improve service.
- Now read BT Group Could Be An Excellent Addition To Your Dividend-Growth Portfolio After The EE-Acquisition »