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Foxtons to review chief’s pay following shareholder revolt
Foxtons saw a shareholder revolt after deciding to pay its chief executive a bonus. (Getty Images)
Foxtons will review its remuneration policy after nearly 40 per cent of shareholders voted against executive pay packages.
Foxtons faced criticism from investors and shareholders groups over its decision to award CEO Nic Budden almost £1m in bonuses for the year.
Shareholders’ concern centred on the group paying out bonuses to executives despite a sharp a fall in its share price, from 94p before the pandemic to about 66p now, and after it took some £7m in government Covid support. ....

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