Non-binding vote shows almost 60% of shareholders disapprove of deal, one of the biggest AGM revolts against executive pay
Britain’s top bosses were sent a warning on Thursday that they must rein in boardroom excess when shareholders voted overwhelmingly against huge pay deals at two of Britain’s biggest companies.
Almost 60% of shareholders voted against a £14m pay package for the chief executive of BP in a year in which it reported record losses, cut thousands of jobs and froze its employees’ pay.
Related: BP boss faces shareholders angry at £13.8m pay deal