in Corporatism

These 12 CEO’s all have something in common

They’ve all met the wrath of their shareholders in what could be called a shareholder spring.

From Corpwatch.org:

  • David Brennan, CEO of AstraZeneca, the Anglo-Swedish pharmaceutical company, resigned April 26 after shareholders voted against his £9 million pay ($14.4 million)
  • Andrew Moss, CEO of Aviva, the top UK insurance company, was forced to resign on May 8 after he lost a vote against his £2.7 million ($4.3 million) pay package
  • Sly Bailey, CEO of Trinity Mirror, the UK’s biggest newspaper group, decided to step down May 3 after shareholders voted against her £1.7 million ($2.7 million) pay
  • Vikram Pandit, Citibank’s CEO, faced a revolt against his proposed salary of $15 million from some 55 percent of shareholders
  • Brady Dougan, CEO of Credit Suisse, saw his salary slashed in half to $6.37 million
  • Bill Gammell, founder of Cairn Energy, lost share options worth £2.5 million ($4 million) after 67 percent of shareholders voted against his pay package
  • Mike Davies, chairman of Pendragon, a UK car dealership, saw 25 percent vote against his salary
  • Andrew Sukawaty, the executive chairman of Inmarsat, the satellite phone company, saw a shareholder revolt against his £2.66 million salary ($4.25 million)
  • Ralph Topping, CEO of William Hill, a major UK betting company, saw 49.9 percent of shareholders vote against his £1.2 million ($1.92 million) pay package
  • Ivan Glasenberg, CEO of Swiss mining company Xstrata
  • Kaspar Villiger, chairman of UBS bank in Zurich