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…
https://twitter.com/henry_mance/status/459719125783552000