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Shareholders from the British fashion chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld Burberry are up in arms about a proposed pay chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld for its CEO. They rejected a chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld at the company's annual general meeting to provide chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld-appointed CEO Christopher Bailey with a multi-million-dollar remuneration chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld. The vote was 52.7 per cent against the resolution. Executives proposed to hand Mr Bailey a $12.3 million "golden chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld", an annual salary of up to $17 million and chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld worth up to $33 million by 2018. The share chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld has been called a "golden handcuffs" arrangement to stop him from joining a chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld company in the next few years. He will also receive add-ons for chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld and performance bonuses.

Burberry chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld Sir John Peace defended the package. He said he was " chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld" and would talk to chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld. He said: "I want to understand why they felt so chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld to vote against." He said the packages for Bailey and his chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld Angela Ahrendts were to keep "world-class executives" at the company. Under Ms Ahrendts' chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld between 2006 and 2014, the company's chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld increased to over $3.4 billion, and shares gained more than chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld to $12 billion. Peace pointed out that many companies around the chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld would be willing to pay Mr Bailey a lot more. He added that Bailey was "worth every chairmandealdisappointedguidancehellohousenewlypackagepennypensionspredecessorresolutionrivalsalesshareholderssharesstronglythreefoldworld". Bailey joined Burberry in 2001 as Design Director and became Creative Director in 2004.