Melrose shareholders revolt against directors' £42m bonuses

Rebellion at new owner of GKN too late to stop bumper £167m payout shared by four directorsShareholders in turnaround specialist Melrose have staged one of the largest pay revolts this year, amid disgruntlement over a decision to pay a £42m bonus to each of four directors.Nearly 26% of Melrose shareholders who voted at the firm’s annual meeting on Thursday failed to back its pay report, with leading City institution and top 20 shareholder Standard Life Aberdeen among the rebels