DaimlerChrysler halts "phantom share" pay plan

Newswire

FRANKFURT, March 23 (Reuters) - Autos giant DaimlerChrysler has frozen plans to pay supervisory board members part of their salaries in "phantom shares" because of legal uncertainty over stock-based rewards, the group said on Tuesday. DaimlerChrysler had wanted to cut supervisory board members' pay by 25 percent to 55,000 euros ($67,720) and make up the difference with a variable component linked to the stock price, which would carry the benefits and risks of share ownership without ...

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