A third of Thomas Cook shareholders vote against new incentive scheme for executives.
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A third of Thomas Cook investors rounded on the company's remuneration policy yesterday, voting against a bonus scheme for executives.
The Financial Times reports that the vote was against the performance measures in a strategic share incentive plan, which would have seen the chief executive eligible for 225% of the base salary of £703,8000.
The Times reported a spokesman for fund manager Standard Life as saying it had voted against the pay proposal, because the firm "disagreed" with payments that were above the remuneration policy's "normal upper limit".
The clash at Thomas Cook comes as the first shareholder action against exec
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