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Investors question Marc Bolland's £15 million package

The Marks & Spencer board of directors is this week under pressure with news that prominent investors are questioning why the company has given a £15 million package to incoming chief executive Marc Bolland. Despite the fact that the new chief executive comes with a reputation which few others in the industry can match, a £15 million package is considered by many to be extravagant.

One issue which is becoming more and more prominent in the investment market place is shareholder power. We are seeing more and more investors questioning the decisions of company directors when in the past many of these would have been waived through with hardly any comment. Yet again, in the boom times people were happy to allow company directors to run companies how they wanted on the basis that profits were being delivered and everybody was doing well.

However, in these more difficult economic times it seems as though every penny of every company cost base is now being questioned and a £15 million pay package is seen by many as excessive. It will be interesting to see how the board of Marks & Spencer react to the questioning of the size of the package and what actually happens.

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