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 last month. 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".
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".