Another day, another pay 'revolt' - with equally predictable results. Shareholders of Britain's FirstGroup may feel better after 42 per cent of those that voted rejected a 'retention' award for the Chief Executive. ProGov continually argues that all perks and special payments to Chief Executives and senior directors - apart from the level of basic pay - should be banned. This would level the playing field and avoid time-consuming and ultimately futile discussions about any exceptions, special cases and other excuses to line the pockets of those senior executives in an arbitrary way.
(16/07/2011)
Executive Summary Share buybacks have become the favored means for
distributing cash to investors among large-cap S. companies, exceeding cash
dividends ev...
6 hours ago
