Activist investor Oasis Management slammed the “disproportionate” pay package that’s set to be handed to the CEO of Wagamama owner The Restaurant Group (TRG), as it increased its stake in the firm.
Oasis now owns 12.3% of TRG, almost double its previous stake, ahead of the company’s AGM next month. There, it intends to vote against the group’s remuneration policy, which would give CEO Andy Hornby a base salary of £674,450, and a bonus of up to £1 million depending on performance.
