Advertisers at US high salaries have arrived
Advertisers for senior payments have come a long way when the outrage over what was rewritten during the epidemic made it easier for senior executives to earn millions of dollars.
On Thursday, Halliburton became the 13th S&P 500 company this year to earn at least 50% of the vote at the annual conference, according to ISS Corporate Solutions.
The failure of 2021 marks the largest increase since the non-credit vote was ruled out by the 2010 Dodd-Frank economic restructuring law. Twelve S&P 500 companies have failed such a “say-on-pay” vote in 2020.
With one-third of the S&P 500 companies preparing for weekly meetings in the coming weeks, the number of failed votes is expected to increase.
“It’s possible that we could get 20 votes that failed this year,” said Brian Johnson, chief of ISS Corporate Solutions.
Although voting is not binding, dissatisfaction with shareholders cannot be easily removed. Companies that fail to pay votes often do not perform well, Morgan Stanley said in a May 21 report.
This year’s bonus attacks come mainly from the 2020 board elections to rewrite interim plans to make operations easier, Johnson said.
As companies close and operate last year, hundreds of corporations have also set up bonuses to release the worst months of a pandemic in which the economy has plummeted in bonus rates or to add new metrics to reduce corporate price losses.
Members of the finance committee should look to 2020 as “two myths,” says Betsy Atkins, a former executive who lives in a number of organizations including Wynn Resorts and SL Green.
“It was January and February when the annual plan was approved and things looked normal or strong, and then there was the epidemic,” he said. The committees that sit there urge the chief executive officer not to take part or all of their salaries to “raise the cost of running errands” when corporate sentiment was uncertain.
But some plans are paid for by the high cost. Intel, who failed to vote later this month, has offered senior G Patinger a $ 110m payroll, according to Morgan Stanley.
Payroll support for Starbucks managers dropped to 47.5% from 84.5% last year. Chief Executive Kevin Johnson has received two special bonuses in recent years, and the $ 50m big bonus was criticized for being too big, Morgan Stanley said.
Unpaid paid votes show a shift in attitudes towards managing the world’s biggest things. BlackRock, Vanguard and State Street say they voted for other companies that failed to pay votes this year. For example, State Street voted against Starbucks this year after supporting it in 2020.
“We’ve seen a big change especially this year when big property managers are confident and it’s clear that calm, behind the scenes is not the only tool in the toolbox,” said Richard Fields, a partner of law firm King & Release. “The sleeping giant has been woken up.”