It took 25 pages of its annual report for educational publisher Pearson Plc to explain the inexplicable: its decision to award CEO John Fallon a 20 percent pay increase for a year’s work that led to a profit warning, dividend cut and plunge in the stock.It’s a less than auspicious start for new chairman Sidney Taurel, the former CEO of drugmaker Eli Lilly & Co.Shareholders would be right to vent their outrage at the company’s annual general meeting in May — even if their vote will be merely symbolic.
Good Gig
Pearson CEO’s pay increased in 2016, even as the shares have fallen