Shareholders Vote on Reuters Bonuses at AGM
ORGANIZATION AND STRATEGY
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 Sir
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