Shareholders revolt against CEO pay package at Morrisons
The shareholders at Bradford-based supermarket Morrisons have kicked back over plans for a massive payout for chief executive David Potts.
48.11% of shareholders voted against the directors’ remuneration report at the supermarket’s annual general meeting yesterday. Though not enough to b lock the report, with abstentions, this percentage rose to 51%. Conversely, the remuneration policy was supported by 92.35% of shareholders.
Chairman Andy Higginson appeared to blame ISS for the revolt, saying the board “fundamentally disa... 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...
