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Citigroup shareholders snub execs on pay

Vikram Pandit

Shareholders of Citigroup rejected a board-approved pay package for CEO Vikram Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance, or else.

Senh: Nice. That's how it should be done. What message are companies sending to their executives when they raises and bonuses even if the company's not doing well.

 

Apple shareholders nix CEO succession disclosure

Apple shareholders nix CEO succession disclosure

Apple shareholders have rejected a plan requiring the company to disclose a succession plan for its chief executive.

 

Judge orders Scrushy to pay $2.9B to shareholders

A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy.

 

Shareholders Oust Bank of America Chief as Chairman

Shareholders Oust Bank of America Chief as Chairman

Shareholders stripped Kenneth D. Lewis of his chairman’s title in a vote that may mark the beginning of the end of his leadership at the embattled bank.

 

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