Pearson has been rocked by an embarrassing shareholder revolt over a lavish pay packet handed to its new boss.
The education publisher came under fire for agreeing to give Andy Bird, 56, a ‘golden hello’ worth £7million and another £185,000 to go towards the rent of an apartment in New York. He will also earn up to £5.9million a year.
Ahead of a meeting to approve his appointment yesterday, shareholders had complained of being ‘held to ransom’ by Pearson and complained that the package was far too generous.
Eyebrows were also raised after it emerged Bird – who was previously a non-executive director – had