Some 27pc of investors voted directly against the company's pay policy, while 14pc voted against chief executive
Votes from the meeting were still being counted last night, so the final numbers – which will be released to the stock market today – could be even higher.
Investors have been frustrated by a string of poor results as well as a strategy that has seen the grocer play laggard to larger rivals in launching internet shopping and convenience stores.
The embarrassing ballot came as Sir
A 50-year career saw him build the business from a small family firm into
'I have something like 1,000 bullocks and, having listened to your presentation, Dalton, you've got a lot more bulls(ASTERISK)(ASTERISK)t than me.'
The unprecedented assault piles more pressure on Philips, who has already faced calls to quit after a string of dismal results.
The grocer has been lagging behind larger rivals and losing market share to cut-price competitors
It was also the last of the Big Four supermarkets – which include Tesco, Sainsbury and Asda – to offer groceries online, and has only just begun opening high street convenience stores.
Shares, which have lost a quarter of their value in the past 12 months, dropped 1.3p to 192.5p yesterday.
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