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'AWOL' Boots boss blasted

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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.



The full article contains 81 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 17 April 2007 9:57 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Executive fat cats
 
 

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