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European investors target lavish executive pay in US
Pay deals for top company bosses in the US face mounting opposition from some of Europe’s most influential investors even as their large American counterparts continue to provide solid support for exorbitant executive remuneration packages. “There has been too little opposition for far too long to the scale and structure of US executive pay but European investors now appear much more willing to challenge awards,” said Tom Powdrill, a responsible investment specialist at Pirc, the shareholder advisory service. UBS and APG voted in favour of less than a third of pay proposals at S&P 500 companies, known an “say on pay” resolutions, while BNP Paribas voted in favour of fewer than one-in-five awards.
https://finance.yahoo.com/m/4200d35...4c00/european-investors-target.html?.tsrc=rss
Pay deals for top company bosses in the US face mounting opposition from some of Europe’s most influential investors even as their large American counterparts continue to provide solid support for exorbitant executive remuneration packages. “There has been too little opposition for far too long to the scale and structure of US executive pay but European investors now appear much more willing to challenge awards,” said Tom Powdrill, a responsible investment specialist at Pirc, the shareholder advisory service. UBS and APG voted in favour of less than a third of pay proposals at S&P 500 companies, known an “say on pay” resolutions, while BNP Paribas voted in favour of fewer than one-in-five awards.
https://finance.yahoo.com/m/4200d35...4c00/european-investors-target.html?.tsrc=rss
