ShareSoc director Cliff Weight was quoted sharing his views on IAG’s decision to hold its AGM in Spain.
“It’s a lot of money so they should provide a meeting in London — where most of their shareholders can get to more easily — as well as the formal AGM in Madrid.
‘It strikes me that the directors want to hide from their shareholders, who have seen their share price reduce by 75 per cent [since 2020] and are appalled at these egregious remuneration increases.”