Quantcast
VIVENDI UNIVERSAL MANAGERS
COULD SEE WINDFALL
Incentives For Top Managers Worth $6 Million, Plus Commemorative Spoons, Novelty Hats
Just one week before Vivendi Universal's first stock market listing, Vivendi Chairman and CEO Jean-Marie Messier revealed stock options for top management worth a potential $6 million if performance targets are met.

Once Vivendi completes its three-way merger with Universal parent Seagram and French pay TV group Canal Plus, according to Messier, the new entity will award stock options worth 0.5% of the new company's equity to the top 80 managers. The merged company is expected to have an initial market capitalization of about $100 billion.

Messier said the allocation of stock options will be linked directly to Vivendi's share performance.

"The managers will receive the stock options only if Vivendi's stock outperforms the media index," he told journalists in Paris late Friday (12/1).

Vivendi and Seagram shareholders are to vote Tuesday (12/5) on the proposed merger, with Canal Plus shareholders voting Friday (12/8). If all three groups approve the deal, Vivendi Universal will be listed on Monday, Dec. 11

FANS WILLING AND ABEL TO RALLY ROUND THE WEEKND
Dept. of unintended consequences (12/1a)
VAUGHN'S FIRST MOVE: MATTERA TO THE TOWER
A company with no corner offices (12/1a)
U.K. MEET THE MANAGERS
Who's hot in Blighty? (12/1a)
RON PERRY: SUPERCHARGING THE BIG RED MACHINE
Hoodie man doin' work (12/1a)
SPOTIFY GIFT-WRAPS
THE YEAR IN MUSIC
How Swede it is. (12/1a)
RAINMAKERS 2020
Bring your umbrella.
GRAMMY OUTLIERS
Mulling possible surprises.
ZOOM THANKSGIVING
We're virtually stuffing ourselves.
TRUMP'S LAWSUITS
He's lost 25 out of 26, and so tired of winning!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)