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Pearson overcomes investor ire to hire new CEO with big pay packet

Fri, 18th Sep 2020 12:28

LONDON, Sept 18 (Reuters) - Shareholders in educational
publisher Pearson sanctioned the appointment of former
Disney executive Andy Bird as CEO on Friday, accepting the need
to pay a multi-million pound pay packet to secure his services.

The British company had to get the backing of shareholders
to offer Bird a co-investment opportunity worth up to $9.3
million, a move it said was necessary to secure a "rare" talent
whose experience fitted with Pearson's requirements.

Of votes cast, 67% backed the move.
(Reporting by Kate Holton; editing by James Davey)

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