Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay

Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv Garfield Severn Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as £3.1m and he could receive significantly more than his predecessor, despite anger over water bosses’ pay. The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of new chief executive James Jesic’s base salary to 400%, according to changes reveal...

By Jasper Jolly