Shareholders express discontent over £14.8m bonus for CEO Tim Steiner
- Shareholders revolt at Ocado’s AGM over CEO bonus
- Bonus share award of £14.8m for CEO Tim Steiner
- Ocado shares trading at less than £4, down over 50% this year
Ocado faced a shareholder revolt at its Annual General Meeting (AGM) as investors expressed their discontent over a proposed pay scheme. The scheme would grant co-founder and CEO, Tim Steiner, a bonus share award of £14.8m. This move comes at a time when Ocado’s shares have been trading at less than £4, marking a depreciation of over 50% since the beginning of the year.
Factuality Level: 9
Factuality Justification: The article provides a clear and concise report on the shareholder revolt at Ocado’s AGM over the new pay scheme for the CEO. It sticks to the main topic without unnecessary digressions or sensationalism, and presents the information objectively without bias or opinion masquerading as fact.
Noise Level: 2
Noise Justification: The article provides a clear and concise report on a specific event – the shareholder revolt at Ocado’s AGM over a new pay scheme. It stays on topic without diving into unrelated territories. The information is relevant and to the point, without any exaggerated reporting or repetitive information.
Financial Relevance: Yes
Financial Markets Impacted: Ocado
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses a shareholder revolt at Ocado’s AGM over a new pay scheme for the CEO.
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