Financial 2016 was grim for Anheuser-Busch InBev (AB InBev) executives as a disappointing operating performance meant limited bonuses and CEO Carlos Brito received no bonus. But things picked up significantly in 2017, providing Brito with a bonus of $5.77m, in addition to his basic pay of almost $3m. Even better news for Brito and his executives is that the long-term share options they were awarded as part of the group’s incentive scheme were dished out on January 22 2018 at an exercise price of €94.36, or about R1,400. That wasn’t quite the share’s historic low on the JSE; in mid-February it touched R1,204.52. The AB InBev share price had been on a firmly downward trajectory from the end of October 2017 until mid-February, when it reached the record low. In mid-February, ahead of the release of better-than-expected fourth-quarter results to end-December, the share moved on to an upward trajectory. The results appear to have secured upward momentum with the share price rising almost...

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