Senior executives at Capco and Shaftesbury will receive shares worth £12.7m when the deal to merge their companies completes.
Capco’s leaders will share £7.4m, with Ian Hawksworth, who will lead the combined company, receiving 2.35m shares, currently worth £3.5m. Situl Jobanputra, the finance director, is in line for £2.3m. Shaftesbury’s senior executives will receive shares worth £5.3m.
Under the terms of each company’s remuneration policy, the share awards vest automatically on completion of the deal. Capco’s executives will be required to keep the shares for two years.
The arrangements remove performance conditions that were previously attached to the awards — a move that could prove controversial with a recession looming.
