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Investors warn CEOs on pay and perks ahead of UK AGM season

After taking billions of pounds in government money and furloughing staff during the pandemic, Britain's blue-chip companies are being warned by investors to rein in executive pay and perks or risk a rebellion at upcoming annual meetings. Among the most contentious pay proposals so far was cinema chain Cineworld's plan to give its chief and deputy chief executives a bonus of up to 65 million pounds ($89 million) each if performance and share price targets are met. That plan was considered too generous by some shareholders, with nearly a third of votes cast rejecting it.

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