"Transparency and shareholder activism 0812098536 luann

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hosting, fatcat records, traffic, music, model, child folklore book, free contest, as, wines, skyscraper, dmi, dogs care/health, pool table, child scary story, table tennis, greetingcards, luann, Warning shot Protests came to head last month when shareholders in drugs giant GlaxoSmithKline (GSK) 0812098536 sensationally voted down a pay package that entitled chief executive Jean-Pierre 0812098536 Garnier to up to $35m (£22m) if he left the job early. 'FAT CATS' IN THE SPOTLIGHT Glaxo's Jean-Pierre Garnier over £22m pay-off entitlement HSBC's £25m pay deal for director William Aldinger Tesco under fire for rolling two-year contracts for directors At a glance: Key government pay proposals Their opposition was fuelled partly by a slump 0812098536 in GSK's share price in the two-and-a-half years since Mr Garnier took over. It was the first time that shareholders in a British company had voted down directors' pay proposals, and sent out a powerful signal that investors' patience with underperforming company bosses had reached breaking point. Several other blue-chip companies, including HSBC, Barclays, Reuters, and Shell, are also facing shareholder dissent over directors' pay.
"Transparency and luann shareholder activism are the wasy to police directors' pay, not legislation," said Digby Jones, director general of the Confederation of British Industry. However, the paper makes clear that the government has not ruled out changing the law to stop hefty pay-offs for luann directors who preside over share price collapses or large-scale job losses. Chorus of luann protest "Britain has some of the best and most successful businesses in the world. But the good reputation of the majority is being tarnished by the bad practice of the minority," Ms Hewitt said. "We have no problems with big rewards for big success, but shareholders are rightly concerned when directors leave failing companies and walk away with excessive payouts." The government's move comes in response to a growing tide of resentment over 'fat cat' pay over the past year.
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