Mothercare pay irks investors

Mothercare endured a minor shareholder mutiny yesterday as 12.8 per cent of investors voted against the retailer’s plans to set up a long-term incentive scheme for its new chief executive. On top of a basic salary of £500,000 new boss Simon Calver could earn up to £6.3m from long-term incentives. He must break even in the UK by 2015 to get his maximum bonus, and has to invest his own money in shares to qualify for the award.