1. BT Acts on Excessive Chief Executive Pay Following Massive Revolt

    BT Acts on Excessive Chief Executive Pay Following Massive Revolt

    BT is to overhaul the way it sets executive pay after the telecoms giant suffered a revolt over outgoing boss Gavin Patterson’s bumper £2.3 million remuneration. The firm said that, following a rebellion in which 34% of investors rejected its remuneration report in July, it spent time engaging with shareholders...

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    1. Some shareholders felt that the amount paid did not appropriately reflect the underlying performance of the company or take adequate account of the value created for shareholders.
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