A shareholder advisory group is opposing a proposed compensation schedule for British-based Pearson PLC, the parent of the Financial Times newspaper, according to a Dow Jones report.
“PIRC said it had concerns over the incentive schemes and contract termination provisions and also opposed the new long-term incentive scheme because the targets aren’t challenging.”
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The Financial Times reported a profit in 2005 for the first time in years. Still, Scardino has been under some pressure in recent years, and there have been calls from investors to sell the company.
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