Legal & General said it would vote against the proposal that would see Duncan Wanblad, the chief executive of Anglo American, receive a share bonus worth about £8.5m - Ian Waldie/Bloomberg The City has forced London mining giant Anglo American to scrap an £8.5m bonus plan for its boss. Anglo American said it was pulling a proposal to hand Duncan Wanblad, its chief executive, a share bonus worth about £8.5m if he secured a $50bn tie-up with Canadian rival Teck Resources. The company said the decision cam ...

RT Ed Coppe (@edcoppe)So here is a Reuters article from three finance journalists regarding Elon Musk's proposed pay package.Reuters is seemingly a reputable media source. And surely the three journalists would know what they are talking about. Surely.Sadly this is a hit piece, cleverly disguised as a piece of investigative, financial journalism.Let me quote from the article:Yet Musk could reap tens of billions of dollars without meeting most of those targets, according to a Reuters analysis of his performa ...

Core Insights - Tesla's CEO purchased stock following the board's proposal to potentially pay him nearly $1 trillion contingent on achieving specific performance goals [1] Group 1 - The board's proposal includes a performance-based compensation plan that could amount to nearly $1 trillion [1] - The CEO's stock purchase indicates confidence in the company's future performance and growth potential [1]

Core Viewpoint - Boohoo is facing significant shareholder opposition regarding its executive pay proposal, particularly concerning a bonus exceeding £2 million for CEO Dan Finley, amid concerns over transparency and performance metrics [1][2][3]. Group 1: Executive Pay Concerns - Institutional Shareholder Services (ISS) and Glass Lewis have both recommended that investors vote against Boohoo's executive pay report due to a lack of clarity regarding a £2 million bonus for CEO Dan Finley [2]. - ISS highlighted that Boohoo did not confirm whether the bonus was awarded on a like-for-like basis for forfeited awards from Finley's previous role at Debenhams [2][3]. - Glass Lewis criticized the use of discretionary bonuses, suggesting it reflects a lack of commitment from the board to align incentives with performance [4]. Group 2: Shareholder Backlash - The upcoming shareholder meeting poses a risk of backlash as Boohoo's largest investor, Mike Ashley's Frasers Group, has expressed growing dissatisfaction, including a bid to remove Boohoo's chairman [5][6]. - Frasers Group has raised concerns over a recent £175 million loan deal, accusing the chairman of neglecting investor interests by opting for a more expensive financing option [6]. - The ongoing conflict between Frasers and Boohoo has intensified, particularly after a proposal for Ashley to join the board was rejected by Boohoo's investors last December [7].