Almost 40% of investors in UK’s biggest magazine publisher fail to approve controversial plan
Future, the UK’s biggest magazine publisher, home to titles from Country Life and Total Guitar, is to introduce a controversial bonus scheme that could award its chief executive £40m, after a bruising shareholder vote in which almost 40% of investors failed to approve the plan.
The board of Future, which in November struck a £594m deal to buy the comparison site GoCompare, weathered the shareholder revolt at its annual general meeting on Wednesday after a number of influential advisory services recommended investors voted to reject the new scheme.
