News of a £13.5bn (€21.3bn) write-down at Vodafone has revived the debate about whether or not chief executive Sir Christopher Gent deserves to pick up the second part of a bonus he was promised after buying Mannesmann for £113bn two years ago.
Tony Watson, chief executive of UK fund management group Hermes, said: "We need to consider the success, or otherwise, of the strategy in the light of events. It's important to get a better understanding of the terms under which the award was granted."
