. Some made as much as $200 million in a single year, as company boards gave particularly big grants of stock to leaders navigating businesses through the pandemic.
The fates of these two shareholder votes are just the latest in a series of declining support for showering C-suite executives with riches. Median investor support for executive bonuses is at its lowest level since these so-called say-on-pay votes became mandatory in 2011, according to ISS Corporate Solutions, and it’s trending that way again for the rest of 2022.
The corporate boards doling out giant one-time awards say there’s a reason for their lavish proposed spending. Coming off a strong year for the stock market, during which the, companies want to retain their high-performing leaders and reward them for managing through the pandemic. They also say these retention bonuses, often made in the form of stock and worth millions, are designed to motivate executives to work harder amid new challenges, including high inflation and supply-chain disruptions.
Its about time, due to the fact capital wealth polarization posses the greatest risk to liberal based economies.
How much does the top exec at Time make?
Unions organizing, investors complaining… people are finally getting tired of helping CEOs buy their eighth yacht.
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