Seattle Times: High cost of soaring executive pay

By Jon Talton

Excerpt:

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.

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