Thursday 14 August 2014

Declining shareholder support for pay policy at National Express

Just a bit of fun. I noticed there has been a serious uptick in opposition to executive remuneration at National Express. This coincides with the company taking a very 'robust' line against efforts by employees to have union representation in its US schoolbus business. So while backing campaigning against their own drivers trying to organise for decent pay and conditions, the board has been letting exec pay become more generous.

Anyway, here is the trend in shareholder voting on the remuneration report in the last five years. Could be one to watch in 2015.

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