Companies
David Duffy’s €3m pay deal with Virgin Money under attack
Pensions and Investment Research Consultants is urging Virgin Money investors to vote against the ex-AIB chief’s pay package
David Duffy, the chief executive of Virgin Money, has attracted the ire of an influential adviser who is calling for investors to vote against his pay package at an upcoming shareholder meeting.
The former AIB chief executive, who has been with Virgin Money for over eight years, is expected to receive £2.6 million (€3 million), including his £1.2 million fixed salary, £331,000 bonus and £1.1 million from a long-term incentive plan.
This is “not appropriate” ...
