Waterford bosses pocket €16.5m

WATERFORD Wedgwood’s top management team has been granted share options worth almost €16.5 million.

Chief executive Peter Cameron, who pocketed €3m for his work on selling the company’s All Clad division, was granted options over shares currently valued at €5.2 million.

The options can be exercised when Waterford Wedgwood’s share price hits 6 cents. The shares were yesterday changing hands at 5 cents.