Kathmandu increases CEO incentive targets, citing company's weak performance

Thu, 19 Nov 2015

By Sophie Boot Nov. 19 (BusinessDesk) - Kathmandu Holdings' board increased the compound annual earnings-per-share growth target for its chief executive's incentive scheme to a minumum of 17.5 percent at its annual meeting today, following unhappiness from shareholders about the scheme's initial, more generous settings. The board released its initial proposed targets for new chief executive Xavier Simonet in mid-October, with his bonus to be dependent on both total shareholder return and earnings-per-share growth. The total bonus avail...

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