Burberry investors back £12m CEO pay package despite shareholder revolt

Burberry shareholders have approved a new executive pay policy that could hand chief executive Joshua Schulman a package worth more than £12m, despite a sizeable investor rebellion.
Around 35.4 per cent of votes cast at the luxury retailer’s annual general meeting opposed its directors’ remuneration policy, while 64.6 per cent supported the proposals.
A separate resolution amending the rules of the Burberry Share Plan received even greater opposition, with 37 per cent of votes