Seems Say on Pay (and CEO pay, in general) is on everyone’s mind. Thought I’d share a couple of things from the news of the last 24 hours.
GMI’s Paul Hodgson has an op-ed in the Washington Post (The Original Sin of Executive Pay) and says, “Not all CEOs are entrepreneurs, but all CEOs are paid like them.”
And Citigroup’s investors sent a clear message about CEO Vickram Pandit’s pay. This is not a binding vote but this is an opportune time for the board to look at Citigroup’s pay practices — and maybe set a tone for annual meetings this year. See: Citigroup’s Chief Rebuffed on Pay by Shareholders in the New York Times.
What do you think? Will anything come of this? What are you reading about this issue?