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Tesco survives investor protest



03 July 2009 @ 11:30 am BST

GLASGOW - Tesco , Britain's largest retailer, survived a big investor protest over changes to its management share option plan on Friday, but comfortably saw off complaints it should do more to help migrant workers.


A shopper carries his bags from the checkout as he leaves the Tesco store in Gorton
A shopper carries his bags from the checkout as he leaves the Tesco store in Gorton, Manchester, northern England, January 13, 2009.
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Over 40 percent of voting shareholders at the supermarket group's annual meeting refused to back the firm's plans to extend the period during which leaving or retiring executives can exercise share options.

Another resolution, tabled by trade union group Unite, was defeated by 89 percent to 11 percent.

That resolution, supported by protestors outside the event wearing yellow chicken suits and waving placards, called on Tesco to do more to help migrant workers in its meat supply chain.

(Reporting by Ian MacKenzie; Writing by Mark Potter, Editing by James Davey)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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