Posted on 05/23/2016 11:52:14 AM PDT by bananaman22
The massive revolt against the pay of BP’s chief executive, Bob Dudley, where almost 60 percent of the shareholders rejected the £14m (US$20 million) pay package is a stern warning to oil companies that investors aren’t pleased with the gaping disconnect between performance and pay structure.
Similarly, Royal Dutch Shell CEO Ben Van Beurden’s 2015 pay package, including pension and tax equalization of 5.576 million euros (US$6.1 million), is likely to face resistance from shareholders as two shareholder-advisory firms have urged them to oppose the CEO’s pay.
(Excerpt) Read more at oilprice.com ...
Yes, but it is good to be the king.
The same revolt should take place at almost all companies.
Executive pay has risen from a multiple of 30 something times the average worker’s pay to something like 300 times in the last ten or so years.
Just how greedy does someone need to be? As greedy as they are allowed to be. is the answer.
Depression is caused by too little money in the hands of too many people and too much in the hands of too few. The Monoply game ends when nobody can buy because one player owns everything. Game over. Stagnant economy. NO reinvestment or inadequate reinvestment.
>The same revolt should take place at almost all companies.
Oh, if only we could the same RE: GOVT. The ‘great stewards’ of the taxpayer $$....
Yes, that too.
We have been regulated to death.
Good. That kind of salary should only go to someone who can either throw a good curveball or hit one.
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