ANN CROTTY: Brito’s bonus blues point the way
Anglo should hold executive bonuses for 10 years
Anheuser-Busch InBev CEO Carlos Brito looks set to make corporate history as the lowest-paid CEO of one of the largest listed companies in the world. For the 2016 financial year the head of the beer group received a remuneration package of just €1.5m. This was Brito’s fixed salary for a year in which he was responsible for bedding down the largest consumer goods merger in history, the €107bn acquisition of SABMiller. Performance-related compensation could have bumped it up by 300%, but profits dropped and performance targets were missed, and so no-one in the top team got a bonus. And it looks as though the tough-as-nails remuneration committee aren’t even going to reward Brito and his team for the hard work put into finalising the complex merger during 2016. All that international travel (much of it in economy class) and all that shared four-star hotel accommodation, without a bonus.
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