THE WHAT? After Unilever’s shareholders rejected its remuneration report in Could, and following conferences with a collection of its largest traders, the UK-based FMCG big has decided to freeze CEO Hein Schumacher’s pay.

THE DETAILS Schumacher’s wage will likely be caught at €1.9 million till a minimum of 2026, in keeping with a report revealed by Bloomberg.

THE WHY? Buyers are pissed off by the producer of Dove’s ‘lackluster efficiency’, Bloomberg asserts, and shareholders consider that the brand new CEO’s elevated wage, which is €0.3 million larger than predecessor Alan Jope’s, ought to have risen steadily, quite than jumped so dramatically on appointment.