EuropeOperations
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.