fbpx

Cineworld faces revolt by shareholders over £208m share scheme

LTIP for top bosses called ‘excessive’ as thousands of staff remain on furlough and UK sites stay closedBritain’s largest cinema chain is facing a sha

Fifth of countries at risk of ecosystem collapse, analysis finds
UPS
Labour MPs urge Starmer to get tough with government on Covid

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.

Continue reading…

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS:
%d bloggers like this: