A shareholder revolt against the eight million-option award to Vodafone's chief executive Sir Christopher Gent, a pay hike first revealed by Financial News, has forced chairman Lord MacLaurin into promising a '"thorough review" of its controversial remuneration policy.
Lord MacLaurin, the former Tesco boss, admitted after the shareholders meeting on Wednesday that ' a significant number of shareholders abstained or voted against" Vodafone's pay policy. Gent was paid £7m (€11.4m) in cash and bonuses last year.
