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Tech CEOs who are reaping gigantic paydays could face investor fury this week

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23.05.2022

Tech stocks have struggled lately—$1 trillion in value got erased this month in just three days. But executive compensation at Silicon Valley’s top companies has never been higher.

This week, shareholders will get to tell three of the biggest players how they feel about that gap. On Wednesday, Facebook parent Meta, Twitter, and Amazon all hold their annual “say on pay” votes, and two influential proxy advisory groups—Institutional Shareholder Services (ISS) and Glass Lewis—are encouraging investors to offer a big fat thumbs-down.

Dodd-Frank requires companies to give their shareholders a vote on executive pay practices. Companies satisfy this requirement by disclosing the upcoming year’s pay packages at their........

© Fast Company


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