A Spirited Revolt at Allied Domecq

Daily MailJanuary 31, 2004

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Summary


SPIRITS giant Allied Domecq suffered a sizable revolt by big shareholders over generous executive bonuses at its agm.

More than 20pc voted against AD's pay policy, which included a Pounds 1m bonus to chief executive Philip Bowman, taking his pay package to Pounds 2m. Dissenters included fund managers Morley and Hermes.

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A Spirited Revolt at Allied Domecq

AD argued that the bonuses w...

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