Pearson’s boss got a bloody nose yesterday when shareholders protested over big pay.
In another blow for the FTSE 100 educational publisher, 30 per cent of investors voted against the company’s remuneration policy.
It was the fifth year in a row that shareholders revolted over boardroom wages.
Omar Abbosh, a Microsoft alumni who started in September, could earn up to £8.5m a year as his £1m salary is supplemented by bonuses and other awards.
He also received a £13m golden handout when he replaced Andy Bird.
Protest: Omar Abbosh could earn up to £8.5m a year as his £1m salary is supplemented by bonuses and other awards.
A Pearson spokesperson said after yesterday’s vote that the company was committed to building a pay policy that would allow it to “stay competitive in the global talent market.”
It comes amid a debate over whether British chief executives are underpaid compared to their American counterparts.
