One of Australia's most beloved companies has received an embarrassing first strike on executive pay from shareholders upset that bonuses were not slashed further following the deaths of two workers in separate incidents.
Woolworths cut the short-term incentive pay of roughly 9000 managers by 10 per cent following the deaths, with more cuts to possibly follow once an investigation is complete, chairman Scott Perkins told shareholders at Woolworths' annual general meeting on Thursday.
