BT bosses face no bonuses if they fail to meet standard performance targets

TELECOMS firm BT will claw back executives&rsquo; bonuses, it emerged yesterday, should they fail to meet performance targets.<br /><br />The news comes after BT announced a crisis in its corporate services arm, more job losses and cut its final dividend last week.<br /><br />BT&rsquo;s annual report, due to be published on 27 May will outline the details of BT&rsquo;s remuneration review &ndash; under which a clause is expected to be added to the contracts of senior staff which will allow BT to claim back cash bonus payments.<br /><br />The updated payment plan comes in the wake of a furore over executive bonuses at blue-chip companies. Last week, Network Rail boss Iain Coucher said he would give up part of his bonus.<br /><br />But last night there were unconfirmed reports that BT chief executive Ian Livingston is in line for a cash bonus of more than &pound;680,000 this year &ndash; and could also receive the same amount in shares if he stays at the company for three years.