Quote:
Originally Posted by rryles
Webwise
Several questions were raised concerning BT’s proposed use of the technology of Phorm Inc., a US based software company, particularly over the nature of early technical trials conducted. Several members of the Board responded to these questions. They explained that BT and other companies have announced an agreement with Phorm to offer a free internet service, called Webwise. This provides protection against fraudulent websites and offers more relevant advertising based on sites that customers visit and the topics that they search for. In a competitive market this is a good commercial opportunity for BT. Two technical trials have already taken place, before which BT took legal advice. Another trial is due to begin shortly and customers will be free to choose if they wish to participate in it.
I leave it as an excercise for the reader to spot all of the errors and omissions in that bit of spin.
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Questions were raised, few answers received, particulary the question asking if Gavin Patterson authorised the trials.
In a competitive market, shooting both of your own feet off with your own shotgun is suicidal, not sound business planning, and not a good commercial opportunity to exploit.
For the truth about BT and Webwise visit the
Inphormationdesk.
For the full story about the questions;
see here.
---------- Post added at 16:12 ---------- Previous post was at 16:02 ----------
Mr Ryles, you missed this one
Quote:
Board salaries
One shareholder expressed the view that Ian Livingston’s remuneration package was too high and that the performance criteria for the Board were too low. Maarten van den Bergh, as Chairman of the Remuneration Committee, explained that the remuneration policy is rigorously reviewed using external consultants. That policy is to set stretching targets and reward success accordingly. This year BT is increasingly linking remuneration to the creation of long term shareholder value by increasing the proportion of pay received in incentive shares, where any payout requires sustained long term shareholder return performance. It is the most performance-related package for a BT chief executive, where 76% of Ian’s remuneration is variable and directly related to BT’s performance.
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