Shareholders of Magnum-to-Marmite consumer goods giant Unilever have rejected the company’s pay policy, which would have handed CEO Alan Jope up to €5.1 million (£4.5 million) this year.
Shareholders representing 58% of voting shares rejected the policy, which included a €1.6 million base salary for Jope, who will retire at the end of the year, as well as a bonus of up to 225% of the base salary. That policy was unchanged from last year, but a 42% increase from the year before that.
