Pearson’s boss was given a bloody nostril yesterday as shareholders protested over fats cat pay.
In one other bruising setback for the FTSE 100 schooling writer, 30 per cent of traders voted towards the corporate’s remuneration coverage.
It was the fourth 12 months in row that shareholders have rebelled over pay within the boardroom.
Omar Abbosh, a former Microsoft high-flyer who began in January, might earn as a lot as £8.5m a 12 months as his £1m wage is topped up with bonuses and different awards.
He was additionally handed a £13m golden good day when he took over from Andy Chook.
Protest: Omar Abbosh might earn as a lot as £8.5m a 12 months as his £1m wage is topped up with bonuses and different awards
A Pearson spokesman stated after the vote yesterday that the enterprise was dedicated to constructing a pay coverage that allowed it to ‘keep aggressive within the world expertise market’.
It comes amid debate over whether or not British chief executives are underpaid in comparison with their American counterparts.
