Seattle Times: High cost of soaring executive pay
By Jon Talton
The nonbinding “Say on Pay” reform that made Seattle’s Expeditors International rethink its executive comp has made little difference in most cases.
According to the executive-comp consultancy Steven Hall & Partners, 3,363 companies held Say on Pay votes last year. But an “against” vote won in only 73. At the 71 percent of companies where a ”for” vote triumphed, the victory margin was 90 percent or more.