- Jan 20, 2016
- Reaction score
- Y Cae Ras
60% voting against exec pay is pretty seismic over here. Rio also destroyed an Aboriginal site as well and the shareholders were not happy about that. Now the CEO is history and the pay package has been voted down.
Exec pay has long been a city scandal. They have remuneration boards that are made up of their friends and they push through outrageous pay rises which are not matched by shareholder returns. Its an incestuous little back scratching circle which supine shareholders just ignore.
Are American directors so greedy ?