Ocado shareholder revolt over £15m CEO pay looms

Ocado is set to face criticism from shareholders today (April 29) over a potential bonus worth up to £14.8m for chief executive Tim Steiner.
Shareholder advisory group Glass Lewis has called on investors to vote against the online group’s “egregious remuneration practices” at its annual general meeting.
It said “we remain concerned about the potential for excessive remuneration” and “question the need for this enhanced incentivisation tool”.
Dan Ho