Pearson shareholders reject chief executive’s £1.5m pay package

Investors’ revolt against deal for John Fallon follows educational publisher reporting largest annual loss in its history

Nearly 70% of Pearson shareholders have rejected the £1.5m pay package awarded to embattled chief executive John Fallon, after the educational publisher reported the largest annual loss in its history.

Fallon received a 20% pay rise last year, including a bonus of £343,000, despite the company recording a record loss of £2.6bn.

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