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| Version 1 | Version 2 |
|---|---|
| Burberry boss collects £10m less | Burberry boss collects £10m less |
| (4 months later) | |
| Angela Ahrendts, the chief executive of fashion label Burberry, has seen her annual take home pay drop by £10m, only days after being named as Britain's best paid boss. | Angela Ahrendts, the chief executive of fashion label Burberry, has seen her annual take home pay drop by £10m, only days after being named as Britain's best paid boss. |
| Ahrendts' £16.9m total pay package in 2012 saw her leapfrog to the top of the FTSE 100 pay league, but her 2013 pay dropped to £6.8m after she decided not to cash in as many bonus shares. | Ahrendts' £16.9m total pay package in 2012 saw her leapfrog to the top of the FTSE 100 pay league, but her 2013 pay dropped to £6.8m after she decided not to cash in as many bonus shares. |
| Her basic salary increased by 3.5% to £1.06m, on top of which she collected a £1.5m bonus, £256,000 cash in lieu of pension and other perks worth £439,000. | Her basic salary increased by 3.5% to £1.06m, on top of which she collected a £1.5m bonus, £256,000 cash in lieu of pension and other perks worth £439,000. |
| The perks include a £25,000 annual clothing allowance on top of her 80% staff discount, a car and driver and help towards her children's school fees. | The perks include a £25,000 annual clothing allowance on top of her 80% staff discount, a car and driver and help towards her children's school fees. |
| Ahrendts also cashed in £3.5m of previously awarded bonus shares. Her total take home pay was significantly lower than in 2012 because last year she cashed in £11.9m of shares. | Ahrendts also cashed in £3.5m of previously awarded bonus shares. Her total take home pay was significantly lower than in 2012 because last year she cashed in £11.9m of shares. |
| She is in line to collect £6.7m of additional bonus shares in 2015 if the company hits a string of targets. The 500,000 share options were granted to Ahrendts in 2010, but are dependent on her continued "outstanding leadership". | She is in line to collect £6.7m of additional bonus shares in 2015 if the company hits a string of targets. The 500,000 share options were granted to Ahrendts in 2010, but are dependent on her continued "outstanding leadership". |
| A Burberry spokesman said: "Under the leadership of Angela Ahrendts and her senior team, Burberry has generated exceptional returns for shareholders in a period characterised by economic turbulence. Burberry continued this growth in 2012/13, delivering another year of record revenue and profit for shareholders. Adjusted earnings per share increased 14% and the full year dividend has been raised by 16%." | A Burberry spokesman said: "Under the leadership of Angela Ahrendts and her senior team, Burberry has generated exceptional returns for shareholders in a period characterised by economic turbulence. Burberry continued this growth in 2012/13, delivering another year of record revenue and profit for shareholders. Adjusted earnings per share increased 14% and the full year dividend has been raised by 16%." |
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