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THE WHAT? After Unilever’s shareholders rejected its remuneration report in Might, and following conferences with a sequence of its largest traders, the UK-based FMCG large has decided to freeze CEO Hein Schumacher’s pay.
THE DETAILS Schumacher’s wage can be caught at €1.9 million till a minimum of 2026, based on a report revealed by Bloomberg.
THE WHY? Traders are pissed off by the producer of Dove’s ‘lackluster efficiency’, Bloomberg asserts, and shareholders imagine that the brand new CEO’s elevated wage, which is €0.3 million increased than predecessor Alan Jope’s, ought to have risen steadily, slightly than jumped so dramatically on appointment.
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