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Author: TMFCogitarius Big gold star, 5000 posts Old School Fool Home Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46827  
Subject: 'Say on Pay' is kicking serious butt Date: 5/10/2012 10:45 AM
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'British insurance group Aviva PLC unexpectedly said Tuesday that Chief Executive Officer Andrew Moss would stand down with immediate effect, the latest U.K. CEO to leave amid investor anger over pay.

Moss is the third U.K. CEO to stand down in recent weeks as a shareholder rebellion over the gap between corporate performance and pay gathers pace. Last week, the chief executives of AstraZeneca PLC and Trinity Mirror PLC also quit after investors challenged their pay.'
http://online.wsj.com/article/BT-CO-20120508-713541.html

'Shareholders on Tuesday handed Citigroup an embarrassing no
confidence vote on a $15 million pay package for its Chief
Executive Vikram Pandit. About 55 percent of shareholders
rejected a plan to bring Pandit's pay back close to levels
before the global financial crisis.'

http://www.chicagotribune.com/sns-rt-citigrouppayl2e8fijxs-2...

Non-binding or not, corner offices are beginning to feel the rising storm.
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Global Gains Home Fool
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