New Burberry boss Christopher Bailey faces a backlash over his lavish £20m pay package
Christopher Bailey, the creative director-turned-chief executive of luxury retail group Burberry, is facing a backlash over his lavish £20million pay package.
Some institutional investors are understood to be concerned about Christopher’s two share awards for his performance as Chief Creative officer because of easy-to-reach targets for bonus payouts.
According to the Sunday Times, the Investment Management Association has put an ‘amber top’ rating on Burberry’s pay policies ahead of the annual shareholder meeting this Friday.
Pay deal: Christopher Bailey, the creative director-turned-chief executive of Burberry, is facing a backlash
It has urged members – who control around 15 per cent of the stock market – to scrutinise Bailey’s remuneration before casting their votes.
÷ Ailing High Street giant Marks & Spencer is also facing tough questions at tomorrow’s annual meeting. Boss Marc Bolland is under pressure over disappointing clothing sales.
Most watched Money videos
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- Will the high-flying US stock market stumble if rate cuts don't arrive?
- 2025 Aston Martin DBX707: More luxury but comes with a higher price
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- BMW meets Swarovski and releases BMW i7 Crystal Headlights Iconic Glow
- MailOnline asks Lexie Limitless 5 quick fire EV road trip questions
- Land Rover unveil newest all-electric Range Rover SUV
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- Mini celebrates the release of brand new all-electric car Mini Aceman
- Mini Cooper SE: The British icon gets an all-electric makeover
- Blue Whale fund manager on the best of the Magnificent 7
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- TONY HETHERINGTON: Boss behind firms fined £340k for more...
- FTSE 100 hits an all-time high - but remember the stock...
- Cost-of-living crunch wipes shine off Thomas Sabo jewellery
- CITY WHISPERS: Bill Ackman's cerulean eyes charm...
- JOHCM UK EQUITY INCOME FUND: Rate cuts... and a spending...
- Virgin Money's biggest independent investor...
- Shipping broker Clarksons on list of shame after...
- North Sea projects worth £21bn put at risk by Labour: Tax...
- Where is Labour's 'white heat' revolution to revive...
- Britain's nascent battery industry receives shot in the...
- Helium and hydrogen company set to join stock market in...
- British businesses awash with 'accidental' bosses who...
- Hollywood silly money? I'd only have stuffed it under the...
- MIDAS SHARE TIPS UPDATE: Wind is turning in Octopus...
- MIDAS SHARE TIPS: Why it soon won't be hip to give the...
- Cash in on the Northern property boom as our experts...
- As world lurches from crisis to crisis, experts share...
- 86-year-old Peter's woes with a faulty smart meter that...