Connect with us

Business

Foxtons faces investor backlash over boss’s bonus – BBC News

The estate agency is rewarding Nic Budden despite taking £7m in Covid support from the state.

Published

on

Article feature image

image copyrightGetty Images
Foxtons is facing a backlash from shareholder groups over a decision to pay its chief executive a bonus despite taking £7m in state Covid support.
The estate agency plans to hand Nic Budden a short-term bonus of £389,000.
Shareholder advisory firm ISS is recommending investors vote against Foxtons’ remuneration report.
Foxtons said: “We believe it’s right to reward hard work and results in a year when the business did well in very tough circumstances.”
The short-term…

Click here to view the original article.