Outsourcer Mitie rocked by investor revolt over plans to give boss Phil Bentley up to £5.7m bonus
Outsourcer Mitie was rocked last night by an investor revolt over plans to give boss Phil Bentley a bonus of up to £5.7million.
Thirty percent of the shareholders’ votes were against the proposed arrangement at the annual general meeting.
Rebellion: Thirty percent of shareholder votes opposed the proposed settlement at the annual general meeting
The uprising came when 32 percent of investors also voted against executive pay at Wizz Air, after the budget airline proposed handing over up to £100 million to boss Jozsef Varadi.
Bentley, 62, was paid £2.7million last year but could receive a £5.7m bonus in three years if performance targets are met.
A former boss of British Gas, he made a fortune with Cable and Wireless out of Miami.
Mitie said the plan had “extremely stretching goals designed to generate exceptional shareholder value” and that it has undergone an “extensive shareholder consultation process.”