Fat cat Gent faces cream rationing

NEWS Vodafone chairman Lord MacLaurin has stepped in and promised a review of the company's controversial pay policy. The news was announced at the company's AGM, where 10 per cent of shareholders voted against the scheme which would have awarded Vodafone's highly regarded chief executive Sir Christopher Gent a whopping eight million share options. A further 30 per cent abstained. Gent's remunerations have attracted controversy before, particularly when he received a bonus valued at around £10m for successfully completing the takeover of Germany's Mannesmann. The summer's AGM season looks likely to be long and torrid, as angry shareholders take the bosses of failing telecoms firms to task.