Vodafone chief executive Mr Chris Gent saw his total pay in the last financial year increase by a staggering 407 per cent to £6.883 million sterling from £1.358 million.
Other Vodafone executives like Mr Peter Bamford, Mr Julian Horn-Smith and Mr Ken Hydon saw their total pay packages increase by a similar amount in the year to March 31st.
The executives were all under fire last year when it emerged that the world's largest mobile phone company was giving them massive cash bonuses as reward for the successful takeover of Germany's Mannesmann.
Critics argued the bonuses were not tied to performance and were therefore unmerited.
Mr Gent received a one-off £5 million special bonus, which after tax was worth around £3 million.
Mr Gent also saw his salary increase from £837,000 to 1.069 million and he also received £5 million worth of long-term restricted shares which are worth little if the Vodafone share price does not rise above 312p and the company fails to achieve certaingrowth targets.
Vodafone's share price has slumped in the last year and is now just over 150p compared to a peak of around 400p.
Following last year's pay controversy Vodafone promised no such special payments will be paid again and that Mr Gent and the others will use some of the money to buy shares in the company. Mr Gent promised to have two million Vodafone shares by the time of the company's a.g.m. in July 2001.
As at March 31st Mr Gent had just over 1.9 million shares, up from 641,000 a year before. The shares bought over the last year were options exercised around the 50p mark.
The executives promised to hold onto the shares for a period of three years from July 2000.
PA