Shareholder activism at Thomas Cook

Relatively few of the top listed businesses on the UK stock market have seen shareholder revolts on the thorny issue of executive pay and bonuses. Here is one example of shareholder activism from Thomas Cook reported in the Guardian. “Thomas Cook’s shareholders have staged the biggest revolt of the year, with nearly half withholding their support for controversial bonus awards made by the travel group to its top 100 executives.” The vote is merely advisory and unlikely to bring about a change of decision on renumeration.