Dixons Carphone shareholders revolt over executive pay

Alex Baldock RWL2019

Dixons Carphone has said it will consult with its shareholders after being hit with a stinging revolt over the pay of its leadership team.

Almost a quarter of its investors voted against the retailer’s remuneration report at its AGM yesterday, which will see boss Alex Baldock handed long-term share awards worth more than £2.3m.

Ahead of yesterday’s meeting, Institutional Shareholder Services (ISS) had called for investors to vote against Baldock’s hefty share-based incentive plan.

Some 23.5% of shareholders voted against the remuneration report.

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