BT awarded former CEO Philip Jansen a £3.7m final pay package despite lower profits, with his total pay increasing by 25.8%.

BT awarded its former CEO, Philip Jansen, a £3.7m final pay package despite lower profits and cost-cutting efforts, with Jansen's total pay increasing by 25.8% for the financial year ending March 31. His higher pay was driven by a significant rise in his bonus payments, with total variable pay rising to £2.6m from £1.63m the previous year. BT plans to cut costs by an additional £3bn in the coming years.

June 06, 2024
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