Home furnishings retailer Dunelm is under pressure over a £4m pay package for its chief exec amid accusations that the deal is "excessive". Shareholder advisor Pensions & Investment Research Consultants (Pirc) said that investors should vote against the firm's pay plans at its AGM next week. It comes after Dunelm's annual report recently revealed that boss Nick Wilkinson saw his total pay more than quadruple from £959,000 the previous year, which also reflected the voluntary pandemic pay cut he took. On this, Pirc stated: "The ratio of the CEO's pay compared to average employee pay is considered unacceptable, standing at 66:1."

(c) 2021 City A.M., source Newspaper