Vince Cable: Senior figures at the company will speak to shareholders amid growing fury over the award, which the Business Secretary Vince Cable described as excessive this week as he urged fund managers to reject it at an extraordinary meeting on 15 December, according to The Independent. BG is understood to have no plans to negotiate but will instead try to convince investors that Mr Lund is worth his annual pay and the one-off payment, which will be spread over five years and paid in shares and The move came as the influential advisory bodies Pirc and the US-based Glass, Lewis joined critics of the pay package yesterday, urging investors to vote it down. Mr Lund, who is credited with turning round Norways Statoil, joins BG on 2 March and could also earn up to 14m a year in pay, including a 1.5m base salary. Overall, he could be paid 84m by 2020 if he hits performance targets.
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