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Universal Music’s £119m CEO pay offer may provoke shareholder revolt
Advisory firm urges shareholders to reject ‘excessive’ payout to Lucian Grainge, while Renault may also face backlash
Universal Music Group could become the latest company to face an embarrassing shareholder revolt this AGM season, after an influential advisory firm urged investors to reject an “excessive” €139m (£119m) payout for its chief executive, Lucian Grainge.
Glass Lewis said it had “severe reservations” about supporting the Dutch-American music company’s pay decisions, which included a €92m share-based bonus for its British-born CEO that easily made up for a 51% cut in his salary, to €7.5m.
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Boeing shareholders re-elect departing CEO Calhoun to board
New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.CNBC - Business -
Voters want to tax outrageous CEO pay. Are lawmakers listening?
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Georgia's president vetoes media law that has provoked weeks of protests
Georgia’s president has vetoed the so-called “Russian law” targeting media that has sparked weeks of mass protestsABC News - World -
Richemont overhauls CEO role as it navigates luxury downturn
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Departing Boeing CEO Keeps His Board Seat
Shareholders defied a proxy advisor and kept Dave Calhoun on the board of the troubled plane maker, while unionized workers may get trained in whistleblower laws amid a slew of manufacturing safety issues.Inc. - Business -
BT’s CEO says she ‘loves to squeeze’ short sellers as shares jump
UK’s biggest telecoms group rises 17% as Allison Kirkby announces strategy and raises dividendFinancial Times - Business -
Carter Center CEO says 'no significant change' in Jimmy Carter's condition: AJC
Carter Center CEO Paige Alexander said in a Wednesday interview that there has been “no significant change” in former President Carter’s condition. “It’s 15 months of hospice at this point, and he is fully retired,” Alexander said on The Atlanta ...The Hill - Politics -
Lula Pushes New Petrobras CEO to Boost Refinery, Gas Investments
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easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
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3 Hard Questions Every CEO Should Ask About Their Workforce
Here are the difficult but necessary questions that will keep executives from losing sleep at night.Inc. - Business
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