Bloomberg: 'Earnings Hysteria' Pits ISS Against Clinton and Fink on CEO Pay

Bloomberg: ‘Earnings Hysteria’ Pits ISS Against Clinton and Fink on CEO Pay

August 24 2016



Institutional Shareholder Services has unintentionally taken on Hillary Clinton and Larry Fink.

At the moment, ISS is winning.

The proxy adviser, whose customers control a combined $25 trillion in assets, has helped drive the trend toward rewarding executives for share-price gains. Today, more than half the chief executive officers of S&P 500 companies receive compensation partly determined by shareholder return, according to Equilar Inc. That’s doubled since non- binding “say-on-pay” shareholder votes on compensation were introduced in 2011.

“ISS has been a major influence,” said Joe Sorrentino, managing director at executive compensation firm Steven Hall & Partners.

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