FirstGroup's management are braced for fierce criticism of chief executive Tim O’Toole’s £2m remuneration package at the Annual General Meeting next week.
O’Toole is in line to receive £1.986m for 2013/14, up from £1,068m in 2012/13. His basic salary of £846,000 remains unchanged but, whereas he received no bonus in 2012/13, he stands to receive a bonus of £600,000 for 2013/14.
Sandell Asset Management, which owns 3.1% of FirstGroup and has been...
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