Shareholders are likely to consider these arrangements preferable to losing or diminishing the motivation of a high-performing chief executive.

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"We consider this preferable not only for the institution but for the welfare of the individual student, as it prevents dropouts and disruption part way through a course, " he said.

BBC: Damien Shannon

"We consider this preferable not only for the institution but for the welfare of the individual student, as it prevents drop-outs and disruption part way through a course", a spokesman said.

BBC: Oxford University college sued by cash row student

Bush was asked why his proposal to eliminate the double taxation of dividends doesn't, as some economists consider preferable, make dividends deductible for companies, as opposed to tax-free to individuals.

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