Investor backlash to hit Morrisons over chief executive pay
Morrisons is facing a rebellion by investors over the pay package of chief executive David Potts.
Major investor advisory group Institutional Shareholder Services, is said to be recommending a vote against the supermarket’s pay report at the general meeting on Thursday, which sees Potts’ long term share award increase to 300% of his salary, up from 240%.
Potts is paid £850,000 a year for his role leading Britain’s fourth biggest supermarket. Under the new package, he could receive £5.3m. It is braced for a backlash in th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
