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

Switch IPO the latest to limit investor voting rights

As many of 15 percent of U.S. IPOs in recent years have used dual share classes meant to give insiders outsized voting rights, according to the Council of Institutional Investors.

Details »

Wells Fargo executives, board must face lawsuit over fake accounts, federal judge says

http://www.reuters.com/article/us-wells-fargo-accounts-decision/wells-fargo-executives-board-must-face-lawsuit-over-fake-accounts-federal-judge-says-idUSKBN1CA1ZY

Details »

As Ford pushes into electric vehicles, U.S. union aims to save jobs

Ford’s presentation to investors this week under new chief executive Jim Hackett, included a slide touting a 30 percent reduction in “hours per unit” to build electric vehicles.

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