AstraZeneca CEO could earn 19 million pounds as pay measure clears opposition
-AstraZeneca shareholders on Thursday approved a 2024 pay policy which will boost CEO Pascal Soriot's remuneration to as much as 18.9 million pounds this year, but over a third of investors revolted against the huge sum.
Of the 1.18 billion total votes cast on Thursday, 64.43% were in favour and 35.57% were against the resolution that will take Soriot's maximum annual bonus for 2024 to three times his base salary, and make him eligible for long-term performance-based share awards worth as much as 8.5 times his salary.
Its shares have outpaced rival GSK's and the broader pharma index in recent years. Shares have risen 85% since Jan. 1 2019, compared with GSK's 8% rise.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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