Financial Times (June 20)
2012/ 06/ 23 by jd in Global News
In the UK, “pay packages for FTSE 100 chief executives have quadrupled since 1998—from an average of £1m to £4.2m.” Shareholders have responded with “rebellions” at major companies including Aviva, Barclays and WPP. Now Business Secretary Vince Cable is also taking aim, promising “the most comprehensive reforms of boardroom pay for a decade by giving shareholders binding votes on pay policy and forcing companies to make executive pay more transparent.”
Tags: Binding vote, Executive pay, FTSE, Shareholders, UK, Vince Cable
