Clarkson shareholders hit out at Andi Case’s massive bonus payout

Shareholders in shipbroker Clarkson are not happy at the massive payouts to top management.

The FTSE 250 company suffered an embarrassment at its annual meeting on Friday, with 26% of the votes cast going against the remuneration report and its remuneration policy.

Andi Case, CEO of the world’s largest broker, received pay and bonuses totalling £3.7m last year, of which £2.9m was his annual bonus. Shareholders were angry that Case’s bonus was 552% larger than his basic salary.

Clarkson in a release said it has engaged with major shareholders in order to “fully understand” their concerns.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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