Hopefully all shareholders will start rejecting these Huge salaries and bonus packages for CEOs especially those that fail.
At an otherwise-placid annual shareholder meeting, Citigroup Inc.’s
shareholders dealt a blow to management and the board by rejecting ratification of the bank’s executive-compensation proposal. At Tuesday’s meeting, held outside of New York City for the first time, 45% of votes cast approved the proposal put forward by the board to approve executive compensation for five of the top executives whose compensation must be disclosed. The vote was required by law.