Shareholders question FT bosses’ pay packets
Posted
by
Paul McNally
on 28 April 2008
at 07:00
Tags: Media Business, National Newspapers
Shareholders in Financial Times parent company Pearson have rebelled against how much the directors are paid.
According to the Guardian, more than 16 per cent of shareholders at Friday’s AGM refused to approve the remuneration report, which includes a £41,000 housing allowance for chief executive Marjorie Scardino.
In a trading update ahead of the meeting, Pearson said it was confident that profits would continue to grow at the FT.
