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UK Pension Group Accuses Barclays of “Misleading Shareholders” Over Executive Pay [UPDATE: Barclays Pay Chief Resigns]

UPDATE: On Tuesday, Barclays announced the resignation of Sir John Sunderland, chair of the bank’s pay review committee. Barclays says the resignation was unrelated to pressure from the LAPFF, who publicly called for Sunderland’s resignation on Monday. The bank has been criticized by the LAPFF and others over high bonuses and compensation. ...
SEC-Building

Pension Funds, Other Shareholders Pressure Oracle CEO Over High Pay With Letter to SEC

The CEO of the Oracle software company, Larry Ellison, is one of the highest paid executives in the United States ($67.3 million in 2014) despite numerous calls by shareholders to reduce his compensation package. Shareholders are fed up. They, led by two of Europe’s largest pension funds, are on Monday filing a letter with the Securities and Exchange ...
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UK Pension Funds Raise Concerns Over Bonuses, Pay of Corporate Executives

U.S. public pension funds are no stranger to using their sway as major shareholders to push for corporate governance changes. U.K. pension funds have that same influence – and this week, they used it to call for new rules surrounding executive bonuses and pay. The pension funds say that executive compensation should be linked to company performance. Reported ...
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