{"id":184434,"date":"2012-05-01T21:51:00","date_gmt":"2012-05-02T02:51:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/05\/01\/shareholders-revolts-against-executive-compensation-is-getting-more-common\/"},"modified":"2012-05-01T21:51:00","modified_gmt":"2012-05-02T02:51:00","slug":"shareholders-revolts-against-executive-compensation-is-getting-more-common","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/05\/01\/shareholders-revolts-against-executive-compensation-is-getting-more-common\/","title":{"rendered":"Shareholders Revolts Against Executive Compensation is Getting More Common"},"content":{"rendered":"<p>This time <a href=\"http:\/\/www.guardian.co.uk\/business\/2012\/apr\/27\/barclays-agm-shareholder-anger\">it&#8217;s Barklays<\/a>, and once again it failed:<\/p>\n<blockquote style=\"color: blue;\"><p>Shareholders have demonstrated their mounting anger over runaway boardroom pay, delivering a huge protest against Barclays pay policies \u2013 including the \u00a317m package for chief executive Bob Diamond.<\/p>\n<p>Nearly a third of shareholders failed to back the remuneration report at a sometimes hostile annual meeting in the Royal Festival Hall, London, where one shareholder warned of the damage to the bank&#8217;s reputation because of its pay  deals.<\/p>\n<p>Shareholders also handed a severe rebuke to Alison Carnwath, the non-executive director who sanctioned the pay deals. More than one in five investors failed to support the re-election of Carnwath, a veteran of many boardroom battles, to the board \u2013 a huge protest given that directors usually expect near-unanimous support for their positions.<\/p><\/blockquote>\n<p>You used to hear about this once a decade.<\/p>\n<p>We&#8217;ve had 3 in the past 6 weeks.<\/p>\n<p>Even if they lose, it&#8217;s a step in the right direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This time it&#8217;s Barklays, and once again it failed: Shareholders have demonstrated their mounting anger over runaway boardroom pay, delivering a huge protest against Barclays pay policies \u2013 including the \u00a317m package for chief executive Bob Diamond. Nearly a third of shareholders failed to back the remuneration report at a sometimes hostile annual meeting in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1049],"tags":[],"class_list":["post-184434","post","type-post","status-publish","format-standard","hentry","category-finance","category-protests"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184434"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184434"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}