Aston Martin faces investor revolt over boss’s pay

Aston Martin faces investor revolt for handing bonuses to its chief executive after accessing £13m in emergency funds to survive pandemic

Aston Martin faces an investor revolt for handing bonuses to its chief executive after accessing £13million in emergency funds to survive the pandemic. 

Shareholders have been advised to vote against the luxury car maker’s pay plans at its annual meeting, calling them a ‘material disconnect’ from the firm’s performance. 

Investor advice group ISS criticised the company for paying a £142,000 bonus to chief executive Tobias Moers, who received a total of £1.48million in 2020. 

Anger: Shareholders have been advised to vote against the luxury car maker’s pay plans at its annual meeting

The payout comes after Aston Martin’s revenue fell 39 per cent to £612million and losses widened to £419million. 

ISS said Moers’ bonus was ‘questionable’, given the company’s performance and the £13million raised in emergency cash calls and from taxpayer aid. The company accepted a £690,000 grant from the Welsh government, but went on to cut hundreds of jobs in South Wales. 



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