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Tesco faces revolt over bosses' pay
Tesco is facing a fresh rebellion over "excessive" pay after a lobby group yesterday urged its members to vote against the retailer's remuneration plans.
The latest scheme could see chief executive Philip Clarke pick up nearly 7 million in pay and bonuses this year if the company meets all its targets.
PIRC, which advises big hitting pension funds and asset managers, recommended that shareholders vote down the plans at its annual meeting next week because the targets for rewards are not challenging enough and combined remuneration is excessive.
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Friday 25 May 2012
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