Investors rebel over exec pay at National Express meeting

Marion Dakers
NATIONAL Express endured a bruising rebellion against executive pay yesterday, following complaints from union-aligned investors about its treatment of staff in the US.

Almost 36 per cent of the investors who voted rejected the firm’s remuneration report at the annual meeting in Birmingham yesterday, while 11.5 per cent rebelled against National Express’ planned pay policy.

Investors aligned with the Teamsters union in the US and several local authority shareholders in the UK had in recent weeks spoken out against National Express’ employee relations in its Durham School Services business.

“We will continue to raise these issues until workers at this company are respected by management,” said Teamsters international vice president Rick Middleton.

National Express said it was pleased the votes had passed and that it would engage with shareholders.