Question 示す over £21m man

By JONATHAN PRYNN FOR MAILONLINE
Updated: 00:00 BST, 18 December 2002

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THE 任命 of Arun Sarin has already raised eyebrows in the City, where he is remembered for receiving an 驚くべき／特命の／臨時の 一括 概算の at £21.2m during his year as an (n)役員／(a)執行力のある at Vodafone に引き続いて the AirTouch 引き継ぎ／買収.

The group's 2000 accounts show he made a £16.7m 利益（をあげる） on his 株 選択s alone as 一括s were 企て，努力，提案 up to ever more extravagant levels at the 頂点（に達する） of the telecoms にわか景気. He was also gran ted more than 1m Vodafone 株 価値（がある） more than £3m on 最高の，を越す of his cash 支払う／賃金 of £871,000. Two その上の tranches of 株 were 認めるd in 2000 and 2001.

He 現在／一般に owns 4.8m Vodafone 株 価値（がある） around £5.4m and 11.25m 株 選択s, of which only around 5m are in the money. They are valued at around only £60,000 but would shoot up in value on any 回復 in the Vodafone 株 price.

One of the company's largest 株主s said Sarin, though 高度に 率d, would be seen as an American West Coast dealmaker of the Nineties without やむを得ず having the 技術s needed in today's hugely altered 商売／仕事 環境. He said: 'The story next year is going to be all about 規則 when the 競争 （売買）手数料，委託（する）／委員会／権限 報告（する）／憶測s on 動きやすい 操作者 告発（する），告訴（する）／料金s. Is a guy jetting in from the West Coast going to have the 技術s to を取り引きする these sorts of 問題／発行するs?'

Another City 人物／姿／数字 said: 'It's a very 半端物 状況／情勢 where someone is kept on in an (n)役員／(a)執行力のある position after a 引き継ぎ／買収, then leaves but remains a 非，不，無-(n)役員／(a)執行力のある director and then becomes the 最高の，を越す dog. I 疑問 whether it's been thought out.'

Stuart Bell, of 年金 基金 顧問s PIRC, said the fact that Gent was leaving so soon after agreeing a new three-year, £10m 一括 土台を崩すd the argument that he needed to be incentivised to keep him at the company. 'It doesn't seem to have been very successful,' he said.

A 広報担当者 for the 国家の 協会 of 年金 基金s, which 代表するs Britain's biggest 年金 基金s, said it was important that Sarin's 一括 反映するd new 指導基準s on reward for 失敗. He said: 'We would hope that the 契約 for the new guy would take account of the new 指導基準s 問題／発行するd by us and the ABI last week which would 避ける 過度の payouts if he fails.'