Citigroup shareholders have voted against giving top executives a bigger pay deal in a rare show of investor discontent.
The package, which had increased chief executive Vikram Pandit’s pay to $15m (£9m), was backed by just 45% of shareholders.
Citigroup’s board said it will meet with shareholders to discuss what it called a “serious matter”.
High executive pay has come into focus after the global financial crisis.
………………..
Read more at www.bbc.co.uk/news link to original article
An open space to express, feel, share and co-create circles of coherence. Consciously Connecting and Combining Intelligence.Mastermind Groups. Soul Hang Out The Inner Child Experience
4/20/2012
BBC News – Citigroup Investors Reject Bigger Executive Pay Deal – 18 April 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment