GlaxoSmithKline stave off shareholder rebellion

Bosses of drugs company GlaxoSmithKline headed off a rebellion over the company’s executive pay packages today.

GlaxoSmithKline stave off shareholder rebellion
Mon, 17 May, 2004 - 18:26

Bosses of drugs company GlaxoSmithKline headed off a rebellion over the company’s executive pay packages today.

Glaxo chairman Christopher Hogg said that although final figures were unavailable, at least 85% of votes cast were in favour of the company’s remuneration report, while votes cast on all other resolutions exceed 95%.

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