REVOLT OVER BT FATCAT PAY

BT is to review its boardroom pay after anger over outgoing chief executive Gavin Patterson’s £1.3million bonus triggered a shareholder revolt.

More than 34% of investors voted against the telecoms giant’s fatcat pay plans at the company’s annual general meeting yesterday.

It was BT’s biggest shareholder rebellion for at least a decade. Investors were furious that Patterson was handed the bonus before it was revealed he was leaving. He paid the price for a slump in the value of BT’s shares.

BT said it would look at “whether we should consider any changes” to its boardroom pay policies, which will next be set in 2020.