- Diageo on Monday released its annual report, which revealed that Paul Walsh, who left the company's chief executive role in June, made £14.8 million (about $23 million USD) during the past year.
- Walsh's £1.3 million ($2 million USD) fixed annual salary accounted for about 9% of his total compensation, while most of the money came in the form of shares as part of a performance-based incentive plan.
- Walsh's time leading Diageo was highlighted by a tripling in share price, as well as the acquisition of Turkey's Mey Icki and a deal to buy interests in India's United Spirits.
From the article:
... In the report, chairman of the company's remuneration committee, Lord Davies of Abersoch said: "The company has delivered exceptionally strong three-year total shareholder return performance relative to its peer group for the performance period that ended on 30 June 2013." ...