Future To Introduce CEO Bonus Scheme Despite Shareholder Revolt

Future, the UK’s biggest magazine publisher, home to titles from Country Life and Total Guitar, is to introduce a controversial bonus scheme that could award its chief executive £40m, after a bruising shareholder vote in which almost 40% of investors failed to approve the plan.

The board of Future, which in November struck a £594m deal to buy the comparison site GoCompare, weathered the shareholder revolt at its annual general meeting on Wednesday after a number of influential advisory services recommended investors voted to reject the new scheme.

Almost 40% of shareholders voted against or withheld their vote, while the same proportion failed to back Future’s remuneration report for last year, which awarded the chief executive, Zillah Byng-Thorne, a £3.7m overall package and a 21% pay rise to £575,000. Read more…..


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