Investment Week (April 27)
2017/ 04/ 30 by jd in Global News
The Swiss fund house GAM “suffered a shareholder rebellion at its annual meeting, after it attempted to raise executive pay despite making a loss last year.” Only 17.57% of shareholders voted in favor of the report on pay with a majority rejecting it. “The shareholder rebellion came after CEO Alexander Friedman’s pay package increased by more than 20% in 2016, despite profits for the year falling by a third to £120.1m from £197.8m in 2015.”
Tags: Annual meeting, Executive pay, GAM, Loss, Rebellion, Shareholder, Switzerland
