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Shareholders againstatbetweenbyforfrominoutovertoupwith the British fashion house Burberry are againstatbetweenbyforfrominoutovertoupwith in arms about a proposed pay package againstatbetweenbyforfrominoutovertoupwith its CEO. They rejected a resolution againstatbetweenbyforfrominoutovertoupwith the company's annual general meeting to provide newly-appointed CEO Christopher Bailey againstatbetweenbyforfrominoutovertoupwith a multi-million-dollar remuneration deal. The vote was 52.7 per cent againstatbetweenbyforfrominoutovertoupwith the resolution. Executives proposed to hand Mr Bailey a $12.3 million "golden hello", an annual salary of againstatbetweenbyforfrominoutovertoupwith to $17 million and shares worth up to $33 million againstatbetweenbyforfrominoutovertoupwith 2018. The share package has been called a "golden handcuffs" arrangement to stop him againstatbetweenbyforfrominoutovertoupwith joining a rival company in the next few years. He will also receive add-ons againstatbetweenbyforfrominoutovertoupwith pensions and performance bonuses.

Burberry chairman Sir John Peace defended the package. He said he was "disappointed" and would talk againstatbetweenbyforfrominoutovertoupwith shareholders. He said: "I want to understand why they felt so strongly to vote against." He said the packages againstatbetweenbyforfrominoutovertoupwith Bailey and his predecessor Angela Ahrendts were to keep "world-class executives" againstatbetweenbyforfrominoutovertoupwith the company. Under Ms Ahrendts' guidance againstatbetweenbyforfrominoutovertoupwith 2006 and 2014, the company's sales increased to againstatbetweenbyforfrominoutovertoupwith $3.4 billion, and shares gained more than threefold againstatbetweenbyforfrominoutovertoupwith $12 billion. Peace pointed againstatbetweenbyforfrominoutovertoupwith that many companies around the world would be willing to pay Mr Bailey a lot more. He added that Bailey was "worth every penny". Bailey joined Burberry againstatbetweenbyforfrominoutovertoupwith 2001 as Design Director and became Creative Director againstatbetweenbyforfrominoutovertoupwith 2004.