New Cable & Wireless CEO spends almost triple his salary on shares

6th Jan 2014 16:08

The new Chief Executive Officer of Cable & Wireless Communications has acquired 4.3m shares in the company after starting his new role at the beginning of the month. Bentley, who was the Managing Director of British Gas from 2007 to 2013, spent a total of just under £2.45m, equivalent to approximately three times his base salary. The director, who has replaced Tony Rice, said he was "delighted" to be joining the company.He continued: "I recently visited a number of our operations and met with government partners in our Caribbean and Latin American markets with Tony Rice and the team. Our new office in Miami is taking shape, and I'm impressed with the quality of our people and the opportunities we have. "My priorities will be driving top line growth, continuing cost discipline, increasing returns on capital and improving customer service. I'm confident we can evolve our strategy to become the leading communications provider in the region and offer a distinctive investor proposition."Top Director BuysSymphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 86,086 @ $0.74 Value: $63,704ReThink Group (RTG) Director name: Mr Steve Wright Amount purchased: 1,000,000 @ 6.00p Value: £60,000Symphony International Holdings Ltd. (SIHL) Director name: Mr Sunil ChandiramaniAmount purchased: 64,565 @ $0.74 Value: $47,778Mitchells & Butlers (MAB) Director name: Mr Tim JonesAmount purchased: 8,000 @ 436.50p Value: £34,920Nighthawk Energy (HAWK) Director name: Mr Graham SwindellsAmount purchased: 105,839 @ 10.78p Value: £11,409Top Director SellsReThink Group (RTG) Director name: Mr Iain Philip BlairAmount sold: 1,000,000 @ 6.00p Value: £60,000John Lewis of Hungerford (JLH) Director name: Mr John L LewisAmount sold: 3,000,000 @ 1.50p Value: £45,000Capital & Regional (CAL) Director name: Mr Kenneth FordAmount sold: 100,000 @ 43.39p Value: £43,390Nighthawk Energy (HAWK) Director name: Mr Graham SwindellsAmount sold: 107,173 @ 10.75p Value: £11,521NR