British Gas owner suffers shareholder rebellion over CEO pay packet

Nearly 40% of Centrica investors vote against board’s pay plans as energy bill payers struggle with record debts

The owner of British Gas has suffered a shareholder rebellion after handing its chief executive a multi-million pound pay packet while energy bill payers struggle with record levels of debt.

Nearly 40% of Centrica’s shareholders voted against the board’s pay plans at the energy company’s annual investor meeting in Manchester on Thursday, after rising criticism of boss Chris O’Shea’s pay during the energy crisis.