C&W Worldwide boss faces revolt

Cable & Wireless Worldwide boss John Pluthero is bracing himself for a stormy showdown with shareholders at the troubled telco’s annual meeting on Thursday. Pluthero, formerly chairman, recently became chief executive after Jim Marsh resigned following a string of profit warnings and a plummeting share price. But by making the switch, Pluthero is entitled to a share award that could be worth over £2m, much to the chagrin of some shareholders who see it as a reward for failure. Shares in the telco have lost almost half their value in the space of a year.