Telstra shareholders have objected to its executive pay scheme and bonus awards after the telco’s annual profit was hit by hefty write-downs and restructuring costs.
Shareholders lodged a 15 per cent protest vote against Telstra’s remuneration report and the grant of almost 400,000 restricted shares to chief executive Vicki Brady at the company’s annual general meeting on Tuesday.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
