British Gas owner Centrica has fended off a potential shareholder revolt over its chief executive’s £8.2 million pay deal last year, as campaigners branded the pay packet “fundamentally wrong”. Chris O’Shea saw his pay package nearly double from £4.5m in 2022.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:07here are your headlines for this morning.
00:10British gas owner Centrica has fended off a potential shareholder revolt over its chief
00:15executive's £8.2 million pay deal last year, as campaigners branded the pay packet
00:21fundamentally wrong.
00:24Chris O'Shea saw his pay package nearly double from £4.5 million in 2022. His latest deal
00:31for 2023 netted the chief executive an £810,000 salary, a £1.4 million annual bonus and £5.9
00:40million in long-term bonus, pension and benefits. 90.1% of shareholders voted in favour of the
00:50measures, with 9.9% voting against.
00:53It's an update this morning with the British gas owner Centrica fending off a potential
00:57shareholder revolt over its chief executive's pay deal.
01:01My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.