Pay tur­moil for shoe re­tailer

Mercury (Hobart) - - TALKING POINT -

IN­VESTORS have sunk the boot into shoe re­tailer Ac­cent Group, hand­ing the Ath­lete’s Foot, Platy­pus and Hype owner a first strike on ex­ec­u­tive pay.

At the group’s annual meet­ing yes­ter­day, about 38 per cent of votes were lodged against Ac­cent’s re­mu­ner­a­tion re­port.

The vote came de­spite the Dr Martens, Vans, Tim­ber­land and Sketch­ers dealer re­port­ing like-for-like re­tail sales growth.

The com­pany’s to­tal re­mu­ner­a­tion bill for 2019 was $5.16 mil­lion – 28 per cent lower than a year ago. Chief ex­ec­u­tive Daniel Agostinell­i’s to­tal re­mu­ner­a­tion pack­age was $3.2 mil­lion.

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