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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