Telecom will offer CEO and senior managers performance equity grants to boost profits

Thu, 07 Nov 2013

By Tina Morrison Nov. 8 (BusinessDesk) – Telecom Corp, New Zealand’s largest telecommunications company, will offer one-off performance equity grants to chief executive Simon Moutter and other senior managers over the next three years to incentivise them to boost profits. Telecom, which carved out its regulated network operator unit Chorus at the end of 2011, is seeking to bolster earnings by focusing on areas of growth such as digital, data and mobility, and away from its declining legacy fixed-line business. Telecom didn’t achieve its shor...

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