Executives overpayments

From Energy News to share with interested posters. It appears that everywhere in the World the investors are waking up to the excesses of the Executives and are starting to make their opinions known.

Especially where the only ones making money are the executives and not the poor shareholders.

Regards



Executive pay


Concerns are mounting about the widening gap between the salaries of average workers and executives, as exhibited by Woodside Petroleum taking its first remuneration strike last month, part of a wave of global corporate activism, and now the world's biggest sovereign wealth fund is getting in on the action.


Norway's $1.1 trillion oil fund, which has previously refused to interfere in how much executives are paid, has decided its position is untenable and is looking for its first company to target publicly on pay in the coming months.


Norway's oil fund owns an average 1.3% of almost every listed company in the world.


In addition to Woodside’s first strike, BP’s Bob Dudley saw a massive protest against his 20% pay increase at a time of its worst financial loss, while in the UK some 72% of Weir Group investors protested against the proposed executive pay.