Financial Times FT.com

Thomson Reuters executives in pay boom

By Andrew Edgecliffe-Johnson in New York

Published: April 2 2009 00:00 | Last updated: April 2 2009 00:00

Six senior executives of Thomson Reuters have been given share awards that could be worth $61m (£42m), after a year in which profits and revenues grew ahead of expectations but fears about the health of the financial and professional customers on which it depends also grew.

Tom Glocer, the former Reuters chief executive who became chief executive of the combined group following Thomson Corporation’s takeover last April, was granted restricted stock units valued at a potential $26.1m over five years. The awards are not subject to performance criteria.

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