Shareholder revolt on the cards over Greencore bonuses for top executives
The company is expected to face a backlash after awarding sizeable bonus packets to its executives while cancelling dividends and seeking additional support from investors
Greencore, the London-listed convenience foods giant, is facing an investor revolt as its agm on Thursday rapidly approaches.
As first reported by Sky News, the company, which produces 645 million food-to-go items every year, is expected to be criticised by shareholders arising from bonuses awarded to its top executives in 2021.
Patrick Coveney, the company’s outgoing chief executive, was set to receive more than €600,000 in deferred bonus shares in December 2021. Coveney, brother of ...