Henderson suffers 27% shareholder vote against exec pay

Fund manager becomes latest company to suffer a rebuke following a £1.7m jump in CEO Andrew Formica's remuneration last year

Henderson Global Investors has become the latest company to fall foul of shareholder discontent over management pay, with 27% of investors voting against senior executive pay at the UK fund manager's AGM.

Yesterday's mini-revolt comes after chief executive Andrew Formica saw a £1.7 million jump in his remuneration last year from £2.8 million in 2012 to £4.5 million in 2013.

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