Pearson’s boss was given a bloody nostril yesterday as shareholders protested over fats cat pay.
In one other bruising setback for the FTSE 100 schooling writer, 30 per cent of buyers voted in opposition to the corporate’s remuneration coverage.
It was the fifth 12 months in row that shareholders have rebelled over pay within the boardroom.
Omar Abbosh, a former Microsoft high-flyer who began in September, may earn as a lot as £8.5m a 12 months as his £1m wage is topped up with bonuses and different awards.
He was additionally handed a £13m golden whats up when he took over from Andy Bird.
A Pearson spokesman stated after the vote yesterday that the business was dedicated to building a pay coverage that allowed it to ‘keep aggressive within the international expertise market’.
Related Articles
HOW THIS IS MONEY CAN HELP
It comes amid debate over whether or not British chief executives are underpaid in comparison with their American counterparts.
Some hyperlinks on this article could also be affiliate hyperlinks. If you click on on them we might earn a small fee. That helps us fund This Is Money, and hold it free to make use of. We don’t write articles to advertise merchandise. We don’t enable any industrial relationship to have an effect on our editorial independence.