The cats that got the cream

1 Sir Peter Bonfield

Sir Peter Bonfield left BT last year with a total payoff of £3.1m.The company had to sell off a number of assets, including Cellnet (now renamed mm02). Over three years shareholder return, which includes dividends as well as share price movements, fell 71.4%.

2 Sir Christopher Gent

The Vodafone CE picked up a total of £3.8m in 2002 while three-year shareholder return slid 54.5%. Unlike BT, the mobile phone group went on a £150bn buying spree, including the £101bn purchase of Mannesman.

3 John Weston

John Weston lost his job as the CE of BAE Systems last year amid accusations that he had lost the confidence of fellow directors and the MoD. Still, he walked away with £2.5m, despite a drop in shareholder return of 63.2%.

4 Ian Harley

The Abbey National chief was awarded £3.5m in 2002 although shareholder return slumped 31.3%. He presided over a £1bn loss and was ousted last July.

5 Lord Browne

The BP chief is Britain' s best-paid oilman, taking home £4.9m last year. Although many say he transformed the company, he was also blamed for missing production forecasts in 2002. Shareholder return fell 23.8%.

6 Jean-Pierre Garnier

The Glaxo boss suffered one of the biggest shareholder revolts over a ' reward for failure' severance contract that could top £23m. Still, in 2002 he limped by on £3.1m while shareholder return dived 27.5%.

7 Sir Philip Watts

Shell' s chairman enjoyed a 55% hike in pay last year though the oil giant' s profits fell by nearly 25%. His total 2002 remuneration was nearly £3m while shareholder return slipped 21.2%.

8 Charles Brady

The head of fund manager Amvescap' s total cash last year was £2.2m, although shareholder return has dropped 56% over the three years.

9 Tony Ball

Although shareholder returns, down 48.1%, have disappointed, the BSkyB chief executive' s total pay package last year was £2m.

10 Tom Glocer

Glocer has cut 5,500 jobs at Reuters and was rewarded with £1.9m. Meanwhile, shareholder return has collapsed 84.7%.

11 Michael Bailey

The chief executive of caterers Compass was responsible for merging, then demerging, with Granada. The deal destroyed its premium rating and shareholder return slumped by 33.7%. Bailey pocketed £2.1m.

12 Michael Dobson

The CE of fund management group Schroders was appointed at the end of 2001 to turn the group around, something he has largely done. Dobson collected £2m, but shareholder return has dropped by nearly 34%.

13 David Prosser

Although the Legal & General CE is reckoned to have done well during a period that has taken rivals to the brink of collapse, he could not stop the company' s share price dropping. He picked up a £1.8m pay package while shareholder return dropped 43.5%.

14 Sir Terry Leahy

The Tesco CE has established the retailer as Britain' s biggest supermarket group and, in a company that pays well, Leahy earned £3.2m last year. Shareholder return over three years slipped 0.6%.

15 John Sunderland

Sunderland was recently appointed chairman of Cadbury Schweppes after seven years as chief exec. In 2002 he was sweetened with remuneration of £2.5m while shareholder return has fallen 14.2%.

16 Sir Geoffrey Mulcahy

Mulcahy was at the top of Kingfisher for 20 years until he left last year. Although he pulled off a string of good deals, the City lost faith. His pay last year was £1.9m while shareholder fell 36.1%.

17 Richard Harvey

The chief executive of Aviva, the UK' s largest insurance company, slashed dividends by 40% last year in a bid to survive the bear market.The share price suffered, yet Harvey still managed to pay himself £1.63m while shareholder returns have plunged by 44.4%.

18 Charles Allen

The chairman of Granada, the largest part of the ITV network, has been trying to merge with rival Carlton with some difficulty and presided over the ITV Digital failure. Although shareholder return has crumbled by 72.3% over the three-year period, Allen was last year awarded with £1.5m.

19 Graham Wallace

Wallace was forced to resign as chief executive of Cable & Wireless after a series of profit warnings that saw shares plummet. While shareholder return has collapsed by 90%, Wallace' s 2002 remuneration was £1.38m.

20 Sir Tom McKillop

The chief executive of drugs giant AstraZeneca was given a total pay package in 2002 of £2.9m.The company has been attacked by shareholders for paying £1m bonuses while clamping down on dividend rises. Shareholder return has slipped over three years by a relatively respectable 3.1%.

1 Sir Peter Bonfield

2 Sir Christopher Gent

3 John Weston

4 Ian Harley

Compiled by Brian Hanney based on annual reports, Accountancy research and news sources including the Independent 2003 Fat Cat List

5 Lord Brown

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