Whsmith Warned of Revolt Over Pounds 2.6m 'Golden Hello'

The JournalJanuary 24, 2004

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Summary


Retailer WHSmith was being warned yesterday to expect a backlash from shareholders over a pounds 2.6m "golden hello" package for new chief executive Kate Swann.

The National Association of Pension Funds (NAPF) has advised its members to vote against the pay package at the company's annual meeting on Thursday. The remuneration package for Ms Swann comes at a sensitive time after a WHSmith warning on profits earlier this month following poor Christmas sales.

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Whsmith Warned of Revolt Over Pounds 2.6m 'Golden Hello'

Ms Swann, who quit as managing direc...

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