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Burberry are angry about a planned package for its new CEO. They rejected a at the company's annual to provide Christopher Bailey with a multi-million-dollar pay . Executives wanted to give Mr Bailey a $12.3 million " hello", an salary of $17 million and worth around $33 million (called "golden handcuffs") to stop him joining . He will also get pension and performance .

Chairman Sir John Peace was "" with shareholders. He wants to know why they felt so . He said for CEOs were to keep "world-class " at the company. The former CEO increased to over $3.4 billion, and share to $12 billion. Peace said many would pay Mr Bailey a lot more. He said Bailey was "worth every ". Bailey joined Burberry in 2001 as Director.

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