Ocado shareholders revolt over chief executive pay

Tim Steiner

Source: Peter Searle

Almost a third of Ocado shareholders voted against the £2m pay packet of chief executive Tim Steiner at its AGM on Tuesday.

A total of 30.14% of Ocado investors voted against Steiner’s remuneration package, which was set at £755,000 in salary and a £1.19m bonus in a year where the online grocer reported losses deepening to £500m.

 

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