Cable & Wireless appointed Francesco Caio as its new CEO, replacing Graham Wallace. Caio formerly served as CEO and founder of Netscalibur and previously CEO of Omnitel and Merloni. Caio will be paid a base salary of £700,000 per annum, with a maximum annual bonus of up to 150% of salary, subject to meeting performance targets. In the first year he will be guaranteed a minimum bonus payment of £375,000 (54%), plus he will also receive a one-off payment of £375,000 that must be invested in Cable & Wireless shares, to be held for a minimum...