All gain and no pain for Diageo executives

Article Abstract:

A new bonus scheme planned for 1,000 executives of Diageo, which produces Haagen-Dazs ice cream, Johnny Walker whisky and Smirnoff vodka and owns the Burger King restaurant chain, will allow these executives to double their annual pay. This will take place through the issue of free shares if the group's performance reaches fifth in a group of 20 comparable leading international brand companies. The executives will receive 50% of their pay in bonus shares if Diageo gives an average performance in this group. The executives will have to purchase shares to give them a substantial stake equal to their annual pay.

Eating places, Limited-Service Restaurants, Fast Food Hamburger Restaurants, Ice cream and frozen desserts, Ice Cream and Frozen Dessert Manufacturing, Ice Cream, Management Salaries, Compensation and benefits, Fast food restaurants, Dairy products industry, Executives, Executive compensation, Wages and salaries, Ice cream industry, Diageo PLC

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Allied and the RSC - what a performance

Article Abstract:

Wine and spirits concern Allied Domecq has given considerable attention to developing its sponsorship of the Royal Shakespeare Company beyond a merely superficial liaison. It is seeking to establish a true partnership, and believes that the arts can play a valuable role in encouraging creativity in the workplace. Royal Shakespeare Company actors have been involved in management training for Allied Domecq staff, and representatives from the Royal Shakespeare Company have also participated in corporate brainstorming sessions.

Wines, brandy, and brandy spirits, Wineries, Wine, Analysis, Management, Finance, Wine industry, Performing arts sponsorship, Royal Shakespeare Company, Allied-Domecq PLC

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BERMUDA: BACARDI CHIEF EXECUTIVE DEPARTS

Article Abstract:

Bacardi's chief executive, George Reid, has left the Bermuda-based spirits group suddenly, with chief financial officer, Reuben Rodrigues, taking on the role temporarily. Mr Reid's departure is understood to be related to a clash over a scrapped initial public offer to raise about US$ 1bn and which would have valued Bacardi at approximately US$ 5bn. Mr Reid is said to have been instrumental in improving the group's complex shareholding structure, reducing the 400 family members to around 40.

United States, Executive changes & profiles, Bermuda, Officials and employees, Appointments, resignations and dismissals, Reid, George, Bacardi Corp.

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