Nearly one in four shareholders voted against Reuters’ remuneration policy at the vendor’s annual general meeting last Thursday.
Shareholders complained that the policy rewards board members despite Reuters’ flagging share price, which has fallen 74 percent over the year, and thousands of employees losing their jobs.
Many shareholders were particularly angry about CEO Tom Glocer’s pay-off of more than £2 million if his contract is terminated before July.
Another complaint was aimed at chairman
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails