ITVboard is split over Ball pay demands

TONY Ball is said to be seeking a package worth up to &pound;20m as chief executive of ITV, should he manage to bring the company&rsquo;s share price back to health.<br /><br />But the boardroom is understood to be split over the terms of the deal, which is expected to include the ex-BSkyB boss putting some of his own money into the ailing commercial broadcaster.<br /><br />The &pound;20m incentive to turn the broadcaster around is said to be contentious, with some board members feeling that Ball is worth such a deal, but others calling for a more frugal approach in hard times.<br /><br />The chair of the board&rsquo;s remuneration committee, Baroness Prashar, is believed to be against agreeing the bumper package.<br /><br />But ITV shareholders, including Aviva and Legal &amp; General, are becoming increasingly frustrated with the slow progress in appointing a replacement for Sir Michael Grade, who will step down as chief executive, but remain as chairman, later this year.<br /><br />ITV&rsquo;s shares have more than doubled in the past six months, but are still over 50 per cent lower than they were three years ago.<br /><br />The broadcaster is understood to have offered the top job to Ball last week, though negotiations are said to have since stalled.&nbsp; <br /><br />Another contentious element of the talks is thought to be the future of Grade, of whom Ball has been a vocal critic in the past.