Investor rebellion at Tesco pay deals
Supermarket group Tesco suffered a rebellion by almost half of its shareholders over management bonuses at chief executive Sir Terry Leahy’s final annual investor meeting.
More than 47% of shareholders voted against or withheld their support for the company’s remuneration report.
Chairman David Reid promised the company would “listen closely” to investor concerns.
Investor advisory firms Pirc and Riskmetrics had been among those urging shareholders to oppose the report.
