A fifth of shareholders fail to back Virgin Money’s pay plans for top bosses

David DuffyDavid Duffy
David Duffy
Virgin Money has seen nearly a fifth of shareholders fail to back its pay plans for top bosses after it handed chief executive David Duffy an 89% pay rise last year despite widening losses.

The high street lender - formerly known as CYBG - saw 183.1 million, or 18%, of shareholder votes either made against its pay report or withheld at the annual general meeting.

While withheld votes do not count, it still saw more than 17% of votes cast against the remuneration report, with 83% in favour.

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