Shareholders spring more pay surprises on top blue-chip bosses
(World News UK)

One of Britain’s top captains of industry breathed a sigh of relief this week when he suggested to me that this year’s AGM season was passing off more peacefully than expected. In one sense, he was right: there have been relatively few big pay revolts (AstraZeneca yesterday being the most notable exception), and no blue-chip companies have suffered the ignominy yet of a binding vote overturning their forward-looking remuneration policy. And today, WPP – so often a lightning rod for City discontent over boardroom pay – will disclose in its annual report that Sir Martin Sorrell’s maximum pay opportunity will be slashed to just over...