Almost a third of shareholders of online estate agent Zoopla have rejected a proposal to extend an incentive scheme that could reap a £62m ($86m) fortune for CEO and founder Alex Chesterman. The Value Creation Plan will pay Chesterman the windfall if he can increase the company's share price 20% by 2021. The package was agreed at the company's ZPG but remuneration committee chair Sherry Coutu said Zoopla would contact the "significant minority" of dissenting members to "discuss their concerns".
Almost a third of shareholders of online estate agent Zoopla have rejected a proposal to extend an incentive scheme that could reap a £62m ($86m) fortune for CEO and founder Alex Chesterman. The Value Creation Plan will pay Chesterman the windfall if he can increase the company's share price 20% by 2021. The package was agreed at the company's AGM but remuneration committee chair Sherry Coutu said Zoopla would contact the "significant minority" of dissenting members to "discuss their concerns".