Stockholders do NOT approve Pay of WPP's CEO Sorrell

Another twist in the never-ending quest of the WPP management led by CEO Sorrell. Are they really so desperate to receive every Penny they can get their hand on? What do they have to prove? But apart from this question - which is more a subject for a psychology site - one can say one thing: the REAL shareholders of WPP - or any other listed company - are usually not the ones that approve the one-sided and completely unnecessary 'incentive' schemes that inflate executive pay for the 0.1% that design their own 'compensation' schemes. In fact, their fiduciaries, large investment institutions such as Pension Funds, Investment Management firms and Mutual Fund Manager as well as Private Banks are the ones that wave these schemes through. They should stand up and be counted and not hide behind spurious 'governance statements' or - even worse - proxy advisers that are just an extra cost for the investors and responsible to no one. 'Best Business Principles' for Proxy firms may have been released just recently, but again they basically are designed by insiders for insiders.
(26 June 2014)