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The Guardian - UK

Business

Sarah Butler

Greggs feels heat from investors over ‘excessive’ pay for bosses

Greggs Roger Whiteside Glass Lewis

Roger Whiteside, the departing chief executive of Greggs, received a total package of £1.9m. — Roger Whiteside, the departing chief executive of Greggs, received a total package of £1.9m. Photograph: Simon Williams/Greggs/PA

Bakery chain Greggs is facing a potential shareholder revolt over high pay for its executives after criticism by two respected investor advisory groups.

Bonus payouts for Greggs’ outgoing chief executive, Roger Whiteside, amounted to more than double his basic salary of £575,209, taking his total package to £1.9m including benefits.

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