{"id":83147,"date":"2012-05-07T17:32:25","date_gmt":"2012-05-07T09:32:25","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/inmarsat-shareholders-raise-concerns-about-executive-pay\/"},"modified":"2012-05-07T17:32:25","modified_gmt":"2012-05-07T09:32:25","slug":"inmarsat-shareholders-raise-concerns-about-executive-pay","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/inmarsat-shareholders-raise-concerns-about-executive-pay\/","title":{"rendered":"Inmarsat Shareholders Raise Concerns About Executive Pay"},"content":{"rendered":"<p>[05-05-12] More than 40 percent of <b>Inmarsat<\/b> shareholders refused to cast a vote of support for the company\u2019s remuneration report during a May 3 annual meeting, according to an Inmarsat statement.<\/p>\n<p>&nbsp; &nbsp;The MSS operator said investors expressed concern regardin paying Executive Chairman and Former CEO Andrew Sukawaty his same salary as last year \u2014 615,000 British pounds ($995,000) base pay, or 2.66 million British pounds ($4.29 million) with bonuses \u2014 after handing over the position to new CEO Rupert Pearce, whose base salary is 410,000 British pounds ($662,437).<br \/>\n&nbsp; &nbsp;The company said Sukawaty\u2019s base salary is relatively low for his experience, and that bonuses were needed to provide incentive for him to stay with the company. Inmarsat also said that its largest shareholders, including Lansdowne, BlackRock and Legal &amp; General, had voted in favor of the pay deal. \u201cNo investor raised any concerns during recent roadshows,\u201d Inmarsat said in a company statement.<br \/>\n&nbsp; &nbsp;Imarsat\u2019s total revenues for the 2011 full-year were up 20 percent from 2010, though the growth was primarily driven by payments from LightSquared, which have now ceased as the 4G LTE operator struggles with regulatory issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-05-12] More than 40 percent of Inmarsat shareholders refused to cast a vote of support for the company\u2019s remuneration report during a May 3 annual meeting, according to an Inmarsat statement. &nbsp; &nbsp;The MSS operator said investors expressed concern regardin paying Executive Chairman and Former CEO Andrew Sukawaty his same salary as last year \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-83147","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83147"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=83147"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83147\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=83147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=83147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=83147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}