DTZ £1.85m payout risks shareholder anger


Wed, 2010-08-25


DTZ, the real estate advisory group, has risked a pay revolt among shareholders after awarding its finance director £1.85m in guaranteed bonuses over two years.

The payout comes despite DTZ falling to a £22.9m loss in the year to April.

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One top 10 shareholder said the guaranteed bonus payout "raised eyebrows", while shareholder body Pirc said: "We do not support the use of guaranteed bonuses since by definition they are not performance-related awards. We would be concerned to see this kind of practice spread from the financial sector."