Virgin Media CEO Berkett Will Get $86.8 Million to Leave Job
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Virgin Media Inc. Chief Executive Officer Neil Berkett, who is overseeing his company’s takeover by Liberty Global Inc., will walk away with $86.8 million when he leaves his post once the deal is completed.
Berkett will receive $19.6 million from cash and stock in severance pay, according to a regulatory filing by Liberty Global yesterday. Other options and rewards from Berkett’s long-term incentive plan amount to $67.2 million, according to Lulu Bridges, a Virgin Media spokeswoman.