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Cineworld Shareholders Approve Controversial $284M Incentivized Bonus Scheme

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deadline.com
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More than 70% of embattled cinema giant Cineworld’s shareholders have voted in favor of an incentivized bonus scheme worth up to $284M that drew fire last week for being “excessive” in the current climate.As part of the scheme, CEO Mooky Greidinger and his brother Israel, deputy CEO, could receive up to $89M of that pot.

That will be dependent on targets being hit, however, including shares rising significantly in the next three years. If the price recovers to 190p per share, the level they were at pre-pandemic, Greidinger would receive $45M, and the price would need to reach 380p to unlock the full amount.

Shares were trading at 67.5p at the time of publication.Dissent towards the bonuses was sown last week when two proxy advisors for

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