• Text size      
  • Send this article to a friend
  • Print this article

Tesco wins shareholder support for its remuneration package

Tesco escaped adding a pay rebellion to its woes after securing 96.9% support for its remuneration report at its annual shareholder meeting in Cardiff.

The chain, the world's number three retailer, also rejected a call from a trade union group to review the strategy for its loss-making Fresh & Easy stores in the US.

The so-called shareholder spring has led to the departures of Aviva boss Andrew Moss and Sly Bailey, head of newspaper group Trinity Mirror, as well as defeats on advisory pay votes for the likes of Edinburgh-based Cairn Energy.

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.