Published Date:
17 April 2007
UK CORPORATE governance group the Pensions Investment Research Consultancy (Pirc) has slated Boots' deputy chairman Stefano Pessina's £510,000 salary, claiming he has not been at the group's head office since March 9.
Mr Pessina is set to launch an £11.4 billion bid with private equity group KKR for Boots.
Pirc said they would expect to see a "commensurate reduction in salary" for such an absence.
Boots insisted Mr Pessina was still carrying out his duties.
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Last Updated:
17 April 2007 9:57 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Executive fat cats
