Huh? Shareholders Actually Don’t Think Most CEOs Are Overpaid
7:11 pm, October 23rd | by Hillary Reinsberg
According to Forbes, of the 2,225 companies that held “Say on Pay” votes this year, only 36 of them had votes that said CEO pay was too high. That’s just 1.6%.
Even though these companies offer their shareholders the opportunity to complain, the votes are just considered “advisory.” In other words, they don’t carry much weight.
But still, this doesn’t really explain the fact that nearly every time we hear about a shareholder meeting, we hear complaints about excessive executive pay.