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Heated AGM season is underway as shareholders fight pay hikes for bosses AstraZeneca, Rio Tinto and Glencore are part of a long list of companies that are facing backlash over remuneration packages An unusually heated AGM season is underway in London as shareholders are protesting proposed pay hikes for bosses. Last year, only 5% of shareholders voted against pay reports in the UK on average, according to data provider Proxy Insight. But this year AstraZeneca PLC (LON:AZN) was just the last one on a long list as activist investors push fellow shareholders to block generous awards for reputational or ethical reasons. ....
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Pearson sales jump as demand for online learning soars (Photo by Leon Neal/Getty Images) Global education firm Pearson said strong demand for online learning courses helped the group post a five per cent rise in underlying revenue growth in the first three months of the year. Shares in the education group rose more than 2.5 per cent on the update to 822p this morning Delivering a quarterly trading update, Pearson said it expected to continue to deliver revenue and profit growth in 2021. The UK company has repositioned itself as a consumer-facing group offering skills and training beyond its schools and college remit. ....
Investors at a string of Britain s largest companies have been warned over rich rewards handed to executives. Shareholder advisers at ISS have raised the red flag after Flutter – the owner of BetFair and Paddy Power – hiked its chief executive s pay by 17.5 per cent following a merger with Canadian rival The Stars Group. It said the board had awarded Peter Jackson a significant salary increase that then boosted other bonuses calculated from base pay. It took his total pay to £7.5million. Increase: Flutter – the owner of BetFair and Paddy Power – hiked its chief executive s pay by 17.5 per cent The rise followed the merger last year to create a firm worth £16billion, more than doubling its previous value. ....
Fury at pay surge for FTSE chiefs as BetFair boss reaps 17% rise thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.