SHAREHOLDERS of two major firms have delivered a stinging verdict on directors’ pay.
Some 30% of shares went against the Pru’s remuneration report at its annual meeting, prompting the firm to say it will look again at its pay practices.
And gas and oil explorer Cairn Energy faced an even bigger revolt with two-thirds of votes opposing its remuneration report, reflecting anger over a £1.4m award for “loss of office” to founder Sir Bill Gammell.
