Shareholder rebellions over directors' pay continued yesterday when household goods group Reckitt Beckiser and online grocer
Nearly one-third of Reckitt's shareholders opposed its annual pay report, with 20% rejecting the separate pay policy outlining the company's bonus policy. The company's pay framework handed its chief executive,
Shareholder lobby group PIRC had urged investors to oppose the vote, saying: "Maximum potential payouts under all incentive schemes for the executives are considered excessive . . . The ratio of CEO pay compared to average employee pay has not been disclosed and is estimated to be 160:1, which is considered excessive."
Some 20% of
The proposal had been "red-topped" by the
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- U.S. Home Price Gains Slow for 6th Month in a Row
- Report: China to Declare Qualcomm a Monopoly
- Insecticides Permeate U.S. Food, Water Supply