Shares of Pearson (LON: PSON) trade around 1% lower today in London after a group of large shareholders for the resignation of Chair Sidney Taurel over the pay package offered to new CEO Andy Bird.
Formerly at Walt Disney in the executive position, Bird is yet to become Pearson’s CEO on October 19. Under the terms offered to him, he is due to receive a $1.3 million base salary.
Moreover, a co-investment opportunity will see him buy $3.8 million shares in Pearson when he officially becomes CEO.
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Last month, a third of Pearson shareholders voted against this deal.
Pearson share price trades around the 560p mark this morning after gaining 4.48% on Friday.
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