GDS @ Bloomfield College | The controversy buy canada goose jacket cheap received major
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The controversy buy canada goose jacket cheap received major

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A large number of investors in https://www.canadagoosejacketca.ca British companies registered their disapproval of executive pay during the 2012 annual meetings season, an episode known as the springThe significant vote against the salaries of executives at Thomas Cook, one of the first big British companies to hold its annual general meeting in 2013, suggests the investor backlash against pay has not gone away.Thomas Cook, the world oldest travel group, said its remuneration report was approved by 70.3 percent of votes cast, while 29.7 percent voted against the resolution.The company has issued a string of profit warnings and has been forced to renegotiate bank loans but has also seen a steady improvement in its finances since travel industry outsider Harriet Green took over as chief executive last May.board believes that the progress made by the company under the new leadership team and the very substantial shareholder value generated over the past six months fully justifies the remuneration decisions, Thomas Cook said in a statement.The remuneration report, as detailed in the company 2012 annual report, stated that Green received an annual salary rate of 680,000 pounds ($1.1 million) in 2012 with a maximum annual bonus equal to 225 percent of her base salary for July 2012 to September 2013. It said the bonus payable will be decided at the end of the period.From the end of September onwards, her maximum bonus will shrink to 150 percent of base salary.Thomas Cook said the higher initial bonus was designed to incentivize her to carry out the company transformation plan.Details of pay for Michael Healy, the new chief financial officer who was also appointed in May, were also published in the remuneration report.He was paid an annual salary rate of 480,000 pounds in 2012 with the possibility of earning a maximum bonus of 150 percent of his pay. The company said it paid him a bonus equivalent to 6.25 percent of his 2012 pay.Investors warned last year that the days of company resolutions being rubber stamped were over, and Britain business secretary said last year the government planned to legislate to give shareholders the power to reject company director pay deals..

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