LTIP for top bosses called ‘excessive’ as thousands of staff remain on furlough and UK sites stay closed
Britain’s largest cinema chain is facing a shareholder backlash over a scheme that could result in top bosses being allocated up to £208m in share awards while thousands of staff remaining on furlough as all its 127 UK sites remain closed.
Cineworld’s shareholders are due to vote on a new pay policy and long-term incentive plan (LTIP) at a special meeting next week. However, the shareholder advisory groups Glass Lewis and ISS have recommended that investors vote against the plans.
