Pearson shareholders revolt over CEO's $2M pay

Pearson Chief Executive Officer John Fallon suffered the largest shareholder rebellion so far this year in the U.K., with about 61 percent of votes cast against the education company’s pay report at the annual general meeting on Friday. The vote on the report, which covers pay for 2016 and includes share awards, isn’t binding and doesn’t require the company to reclaim the money. In a year that has seen several companies reduce pay awards in order to appease investors, the vote against Pearson’s ...

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