Inmarsat shareholders protest over executive chairman pay

Friday 4 May 2012 | 17:29 CET | News
Satellite phone and internet services provider Inmarsat is under fibre from shareholders after 40 percent of votes at the annual meeting of shareholders failed to support its remuneration report, writes the Financial Times. The investors are upset at plans to pay executive chairman Andrew Sukawaty the same as last year, despite him having handed over running of the company to a new CEO. Inmarsat said his salary was remaining at the same level, GBP 2.66 million in salary and bonus, because he still had an active role.

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Categories: Mobile & Wireless / Broadcast & Satellite
Companies: Inmarsat
Countries: World
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