Chief executive Tim Steiner will be eligible for the bonus package, which will largely be dependent on the firm's trading performance over the coming years
OCADO boss Tim Steiner is the latest chief to bag a bumper pay rise — as debate rages about the gap between big earners in the UK and US.
Tim Steiner will get the payout if grocery group’s share price significantly improves by 2027
Among the companies with reports and trading updates today are Ocado, Hipgnosis Songs Fund, Entain and Beazley.
At the firm’s annual general meeting, it said 19.43% of shareholder votes were made against the pay deal.
Irish GDP returned to growth at the start of the year, while 19% of Ocado shareholders oppose pay policy that could give boss Tim Steiner a £15m bonus
Investors urged to vote against online grocer’s remuneration for CEO Tim Steiner at upcoming AGM
Investors have been urged to vote against the £15m pay policy by advisory groups Glass Lewis and Institutional Shareholder Services.
Industry research group Kantar said Ocado sales were 12.5% higher in the 12 weeks to April 14 than in the same period a year earlier.