DSG and HMV managements to clash with shareholders over pay

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The Independent Online

Investors are expected to clash with DSG and HMV managements this week as they pitch contentious pay plans at their annual meetings.

Shareholders in DSG will be asked to sign off on a share option scheme that would enable employees to sacrifice up to 25 per cent of their salaries in exchange for options worth £3 for every £1 they contribute. And Pirc, the corporate governance group, has advised HMV shareholders to oppose proposed pay levels.