Investors wake up to outcry over unequal pay


http://www.ft.com.com | Published May 7, 2017

By Madison Marriage

Nearly 12 months have passed since a number of the world’s largest asset managers, including BlackRock, Vanguard, Goldman Sachs and TIAA, were heavily criticised for routinely supporting executive pay proposals at the companies they were invested in.

The voting patterns — which showed some investors were approving executive pay packages at 100 per cent of company meetings — raised concerns among academics and campaigners that asset managers were failing to act as good corporate stewards.

The fear was that highly paid fund managers felt compromised when it came to criticising high pay in other sectors, or worse, did not care about the growing divide between what CEOs and average workers earn.

Fast forward to 2017, however, and there are tangible signs that a growing number of investors are taking action to rein in excessive pay for company bosses. The consensus is that pressure from the public, politicians and clients have combined to put pressure on the investment industry to prove it is willing to push back on egregious pay packages.

read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Alberta's Oil Workers Are Shifting To Renewable Energy Jobs

But many workers can expect to take a pay cut.

Details »

London Solar Auctions Aim to Make City Greenest on Earth

The reverse auctions would be similar to the Solarize NYC model already used in New York

Details »

Could ethical investing help ease Vancouver's affordability crisis?

UBC report suggests foreign investors could play a role in creating more affordable rentals

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association