SHAREHOLDERS STEP UP THE PRESSURE
Today – Man Group
Man Group chief executive Peter Clarke will face pressure from investors at the hedge fund’s AGM to improve performance or step down. The firm’s share price has fallen by almost 60 per cent since September last year.
Yesterday – Aviva
Chief executive Andrew Moss waived a £46,000 pay rise after criticism from investors
27 April – Barclays
26.9 per cent of voters opposed the company’s executive pay, including £17.7m for CEO Bob Diamond
27 April – Credit Suisse
Almost a third (32.4 per cent) of shareholders refused to back the bank’s pay plans
26 April – AstraZeneca
The pharma group’s boss David Brennan quit after pressure from investors
17 April – Citigroup
Around 55 per cent of shareholders rejected the bank’s plan to pay chief executive Vikram Pandit $15m (£9.4m)
12 April – Smith & Nephew
30 per cent of investors rejected its remuneration plan, which included a €1.4m “golden hello” for new chief executive Olivier Bohuon