Ocado CEO's £14.8m Bonus Approved Despite Significant Shareholder Opposition

Nearly 20% of Ocado shareholders voted against the CEO's substantial bonus plan, raising concerns over executive pay and worker compensation.

Ocado's CEO Tim Steiner's bonus plan, potentially worth up to £14.8 million, received approval despite 19.43% of shareholders voting against it.
Criticism from shareholder advisory groups and campaign organizations highlighted the disparity between executive and worker pay.
Ocado's leadership defended the bonus as crucial for retaining and motivating top executives amid market challenges.
The bonus scheme could yield Steiner up to 1800% of his base salary depending on company performance and share price targets.
Ocado faces additional scrutiny for not aligning with the Real Living Wage, affecting frontline staff compensation.