The boss of the production company behind Peppa Pig is faced with a second uprising of the shareholders on vetkattensaraars in two years time – with his steady position to join a list of 16 shame for TWO, who orders Theresa May for the boardroom surplus. to restrain, defy.
Darren Throop, Entertainment One's chief executive, was beaten by City advisers prior to the company's annual meeting on Thursday after a 62 percent pay rise in just three years.
The TV and film production company could become the 17th company to be given a name for the second time in the public register of Theresa May because she does not care about the remuneration of directors.
The boss of the production company behind Peppa Pig is faced with a second uprising of the shareholders about paying fat milk in two years
The prime minister ordered the register last year to emphasize companies that had received a high degree of opposition from the shareholders about the remuneration of the bosses.
Canadian Throop, 54, has seen his base salary increase to £ 950,000 every year since 2015, despite no convincing statement, argue for influential shareholder advisers. Including bonuses, his total pay package last year was almost £ 1.9 million.
If the number of votes against the payment report is 20 percent, Entertainment One will become a member of the 16 companies that have twice the name & # 39; labia & # 39; from May.
Some of the largest UK companies have failed to justify large bonuses or wage increases in the eyes of their shareholders for successive years.
They include drug giant AstraZeneca and advertising giant WPP, who revolted against millions payment packages for founder Sir Martin Sorrell who was expelled this year.
Despite being located in Toronto, Entertainment One is listed on the London Stock Exchange with a value of £ 1.7 billion.
The company, chaired by the former Asda boss Allan Leighton, is best known for creating children's program Peppa Pig, but also produces and distributes blockbuster films such as The Hunger Games franchise.
Appointed and ashamed: the double perpetrators
These 16 companies have the threshold of 20 percent of the shareholders who are voting against the remuneration of the directors, which resulted in TWO appearances on the public list of Shame of Theresa May
Shareholder consultancies Glass Lewis and ISS urge investors to vote for the second year against the company's remuneration report.
They claim that the remuneration must be linked to the performance. That is why the normal remuneration packages for managers consist largely of bonuses. The salary of Throop is expected to increase by 201% per year from 2019.
Glass Lewis said: 'We at least expect a company to provide a thorough and convincing explanation for significant increases in base salary, something that this company has not succeeded in. & # 39;
Last year, Entertainment One was hit by one of the biggest wage rises in the city after 38 percent of the shareholders voted against the remuneration report.
This voice is only advisory, but no less than 47 percent of investors also cast votes against the remuneration policy, which is binding and is voted every three years. The Directors of Entertainment One barely avoided the defeat and so they did not have to work out a new remuneration policy for directors.
But the company made its way to May's list of censiers that was launched last year – exposing companies faced with higher than 20 percent insurgencies and explaining how they respond to shareholder concerns.
In reports from The Mail on Sunday, Glass Lewis and ISS both attack the company.
Glass Lewis said: "We are concerned about the successive major salary increases granted to the CEO and the [remuneration] the poor response of the committee to the dissenting opinions of shareholders. & # 39;
ISS also expressed its concern about a £ 7.7 million stock bonus that was given to Throop last year and will pay in two years if it hits targets.
Entertainment One's annual report states that pay increases must keep the pay competitive.
But ISS said: "Although the company's statement on the competitiveness of the market in which the company operates is recognized, it remains a major concern that no convincing explanation has been given to the shareholders regarding the salary increases of the executive. drivers. & # 39;
Entertainment One said it had spoken to 60 percent of shareholders since last year's meeting and added that it needed competitive salaries because most managers are based in North America, where pay is usually higher.
Four of the worst – and how they upset their investors
Name: Darren Throop, 54
Company: Entertainment One
Pay last year: £ 1.9 million
The Canadian boss of the film and TV company saw his salary rise by 62 percent in three years, on top of bonuses.
Name: Kenny Alexander, 49
Pay last year: £ 18 million
Faced with a 44 percent vote against his £ 18m in stock options, which were part of a £ 45m scheme.
Name: Pascal Soriot, 59
Pay last year: £ 9.4 million
The remuneration of the French chief executive fell from £ 14.3 million in 2016, but 35 percent of the investors still rebelled on the amount of their bonus and if the targets were already heavy enough.
Name: Stephen Carter, 54
Pay last year: £ 4.3 million
Former Downing Street headed the strategy at Gordon Brown, he enraged 36 percent of shareholders with bonus increases at exhibition firm.