Showdown Led by Us Pensions Funds Fail to Vote Down Boss's Pounds 4.3m
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Summary
TESCO narrowly avoided shareholder defeat at itsAGMin London yesterday when its directors' remuneration report was rejected by 38% of votes - the critical threshold is 50%.
The supermarket giant faced a barrage of criticism over the pay packet of its US manager, with claims from one lobby group of "excessive" compensation awarded to Tim Mason, the head of its loss- making US chain Fresh & Easy.See the full content of this document
Extract
Showdown Led by Us Pensions Funds Fail to Vote Down Boss's Pounds 4.3m
Mr Mason received pounds 4.3m in the company's 2009-10 fi...
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