Lots of fund mand games at Tescos AGM today. According to The Times and The Telegraph the company suffered a serious rebellion over exec pay arrangements, with about 1 in 6 investors failing to back a controversial incentive scheme. Truste me, in Uk corporate governance that is quite a big upset.
Even more notable though is that a shareholder resolution requisitioned by someone from War on Want achieved almost 10% votes in favour and even more abstentions. Here are the company's stats. I'll try and have a proper look over weekend.
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