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Investors revolt over Pendragon's executive bonus bonanza | Business - Vimarsana News

Investors revolt over Pendragon's executive bonus bonanza | Business

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Pendragon CEO's 'out of tune' bonus payments approved despite AGM revolt - Vimarsana News

Pendragon CEO's 'out of tune' bonus payments approved despite AGM revolt

Click the thumbs up > Pendragon chief executive Bill Berman will receive bonus payments criticised as being “out of tune” despite a 42.2% vote against the PLC’s director remuneration at today’s AGM. Shareholders attending the meeting this morning voted 41.04% against the re-election of non-executive director and  remuneration board chairman, Mark Wright, and 20.91% against the re-election of Berman to the board in a show of opposition against the payments. But all 17 resolutions tabled at the meeting were passed nontheless. The moves came as Pendragon were set to table t...