Pay for the Chief: The Shareholders Speak Out
On April 18, 55% of Citibank’s voting shareholders refused to approve the compensation plan for Citibank’s top five executives, including its Chief Executive Officer. To read more about this recent exercise the "say-on-pay" power under the Dodd-Frank Consumer Fraud and Protection Act (“Dodd-Frank”), click here for an article written by my colleagues Andrew J. Bernstein and Jessica W. Catlow.
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