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THE WHAT? Shareholders of UK-based FMCG producer, Unilever have voted in opposition to a remuneration report, in response to a report printed by the Monetary Instances, a transfer that will concern the subsequent CEO, Hein Schumacher who is because of be a part of the corporate in July.
THE DETAILS Some 60 p.c of votes opposed the chief pay plan, which particulars a base wage of €1.85 million for Schumacher, significantly increased than Alan Jope’s complete bundle of €5.4 million.
THE WHY? The Monetary Instances stories that shareholders are involved that not solely is the wage above that of UK market friends however is classed as ‘fastened remuneration’, that means that it’s not depending on efficiency.
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