U.S. News

Cable & Wireless Faces Investor Backlash: FT


The chairman of Cable & Wireless Richard Lapthorne may face investor backlash over a controversial pay proposal made by the telecom company, the Financial Times reported Friday. 

Several leading shareholders have threatened to vote against the re-election
of Mr. Lapthorne at next month's general meeting in protest, the report said. 

Investors were also reportedly planning to vote against proposals to scrap limits agreed last 
year on bonuses for top executives.