No Votes on CEO Pay 2018

As You Sow Rosanna Weaver reports on 2018 proxy season no votes on pay:

Not all the votes are in, but there are already a significant number low votes and outright losses among the S&P 500 on pay packages. So far there are seven S&P 500 companies that have lost majority votes that I’m aware of for this calendar year: Ameriprise, Disney, Halliburton, Mattel, Mondelez, Western Digital and Wynn Resorts. Chesapeake Energy which was removed from the S&P 500 on March 19, 2018 due to “market capitalization changes” also had a failed pay vote. Most of the early low votes and failures fell under two categories: transition packages and pay/performance disconnect. In many instances both factors were in play.

Source: Quick notes on low votes — As You Sow

One Comment Add yours

  1. Good to see the high level of shareholder no responses. I wonder how long it will take for a reasonable salary ratio to happen. I would love to see a shareholder action about that.

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