Pink ‘Un Silent on Their Own Shareholder Revolt
More Shareholders Reject Remuneration Than Barclays

This morning FT went big on yesterday’s Barclays AGM, splashing the fact that 21% shareholders voted against their remuneration packages. Today Pearson had their annual gathering and the votes are in:

Resolution 13 – to approve annual remuneration report

For: 349,696,505 (64%)

Against: 181,521,643 (33%)

Withheld: 15,000,416 (3%)

For comparison, Barclays result were 66% For; Against 21%; Withheld 13%. Legally withheld votes don’t count – so if you go for the straight yes:no Barclays was 76:24 in favour; Pearson is 66:34 in favour. Guido can’t seem to find this reported anywhere on the FT website? Perhaps they are holding it for the front page of the Weekend edition…

UPDATE: The FT’s Media correspondent is catching up as usual…



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GuidoFawkes Quote of the Day

Boris tells the Sun:

“I think it’s a measure of his desperation, isn’t it, that yesterday we had one of the most absurd political spectacles that this country has ever seen. Not since the Tsar and Tsarina prostrated themselves and asked for economic guidance from Grigori Rasputin, has there been such a ridiculous political pilgrimages as the mission of Ed Miliband – the heir of Keir Hardie for heavens sake – to seek economic guidance from Russell Brand.”

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