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Shareholders back 'excessive' Diageo bonuses

2014-09-19 14:39:44| Beverages - Topix.net

The drinks giant, which claims to be Scotland's largest manufacturing exporter, won the support of 97% of its investors for its past year's pay and the policy for future years, as reported by the Herald Scotland , despite concerns over its executive pay packets being raised ahead of the group's annual AGM yesterday. Mr Menezes is set to be paid A 7.7 million for the year to the end of June in pay and bonuses, while his predecessor, Paul Walsh, has been awarded A 6.4m for his final three months at the firm.

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