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Shareholders' Votes Have Done Little to Curb Lavish Executive Pay (FAIR GAME)

Date: May 16, 2015
Author: Gretchen Morgenson
QUOTE: It’s been five years since the Dodd-Frank law required that companies let investors vote on their executive pay practices. The idea, lawmakers said, was to give shareholders a chance to sound off when compensation plans are not in their best interests. But has putting these matters to a vote done anything to rein in executive pay? Not a chance. Since these votes started being tallied, C.E.O. pay has risen on average 12 percent annually.

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