1. Shareholders’ Votes Have Done Little to Curb CEO Pay

    Shareholders’ Votes Have Done Little to Curb CEO Pay

    It’s been five years since the Dodd-Frank law required companies to let investors vote on their executive-pay practices. The idea, lawmakers said, was to give shareholders a chance to sound off when compensation plans are not in their best interests. But has putting these matters to a vote done anything to rein in executive pay? Not a chance. Since these votes started being tallied, CEO pay has risen on average 12 percent annually...

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    1. Say-on-pay, as an advisory vote, has the biggest impact where the corporate-law regime allows for consequences if the board doesn't listen.
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