Alliance Trust

Pirc: Pirc also added fuel to Elliott attack on Alliance chief executive Katherine Garrett-Cox pay, according to The Independent. In its recommendation to clients it said: There are concerns with the combined maximum limit for the long-term incentive plan and the short term incentive which are considered to be excessive. Alliance opposes their election. Read more: Katherine Garrett-Cox in warning over shake-up Katherine the Great vs the activist investors Alliance Trust is under pressure, and quite rightly so Ms Garrett-Cox pay has doubled over the last five years to £1.34m at a time when the trust, which has tens of thousands of small shareholders, has underperformed most of its rivals. Alliance said that it had beaten rivals over the last one, three and six months with total shareholder returns in the quarter to end-March up by 6.9 per cent against a global sector return of 6.6 per cent. Pirc also questioned Alliance policy of paying school fees for executives who are recruited from overseas and allowing golden hellos to be paid to new executives. (news.financializer.com). As reported in the news.