LONDON, June 26 (Reuters) - Tesco, Britain's
largest retailer, on Friday became the latest big company to be
hit by investor anger over executive pay after shareholders at
its annual meeting voted down its remuneration report.
The supermarket group said 67.3% of votes cast at its annual
general meeting (AGM) were against the resolution to approve the
pay report, while 32.7% were in favour.
Ahead of the meeting several investor advisory groups had
recommended shareholders vote against the report, highlighting
that the exclusion of online grocer Ocado from the
benchmarking had inflated one of outgoing Chief Executive Dave
Lewis' bonuses by 1.6 million pounds ($1.98 million) to 2.4
million pounds.
In total Lewis received a pay package of 6.4 million pounds
for 2019-20.
($1 = 0.8068 pounds)
(Reporting by James Davey, editing by William James)