GlaxoSmithKline unveil revised executive wages

Pharmaceuticals giant GlaxoSmithKline today bowed to shareholder pressure and unveiled revised pay and rewards contracts for executives.

Mon, 15 Dec, 2003 - 08:12

Pharmaceuticals giant GlaxoSmithKline today bowed to shareholder pressure and unveiled revised pay and rewards contracts for executives.

It scrapped the two-year rolling contracts for executive directors that had sparked investor anger earlier this year over “fat cat” pay, replacing them with a single year deal without compensation.

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CourtsBusinessHeathrowPerson: Jean-Pierre GarnierPerson: ChairmanPerson: Christopher HoggOrganisation: GlaxosmithklineOrganisation: GlaxoOrganisation: Association of British InsurersOrganisation: National Association of Pension Funds
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