Executives at AB InBev could be in line for bonuses worth hundreds of millions of pounds in return for meeting targets related to reducing the brewer’s debt.
If the Stella Artois maker cuts its debt to 2.5 times its earnings by the end of 2013, bosses will reportedly receive stock worth €850m (£730m) at the current share price. Chief executive Carlos Brito could alone pocket shares worth almost €100m, according to the Daily Telegraph.
“The selected executives for the options-grant are key for a successful integration of Anheuser-Busch's business, which underpins the rapid de-leveraging of the group,” the company said.
The merger deal between Anheuser-Busch and InBev saw the group take on $54bn of debt.
Preview of the Year: Who will be the soothsayer of 2011? (8 January 2011)
AB InBev and Pernod Ricard get technical (11 December 2010)
It’s a great Cup result for AB InBev (14 August 2010)