Plus500 is one of the biggest sellers of complex derivatives that enable amateur traders to make high-risk bets on financial marketsInvestors have rebuked Plus500 over plans to hand its finance chief a one-off bonus in the latest in a series of shareholder rebellions at the online trading company over executive pay. Almost 45 per cent of investors who voted at yesterday’s annual meeting opposed the plan to hand Elad Even-Chen, the chief financial officer, almost £1 million for his work in cutting the company’s tax bill. About 41 per cent of shareholders also rejected the group’s remuneration report for last year. SponsoredThe revolt is a blow to the London-listed, Israel-based Plus500, which had tried to mollify concerns about the bonus. The company originally planned to pay the 4.25 million shekel (£939,000) award for Even-Chen, 35, in cash, but withdrew an investor vote on the reward

Source: The Times May 04, 2021 23:04 UTC