The shareholders are revolting. Well, some of them.
Yesterday saw SIG lose the vote on its remuneration report, big-style, with a 66% vote against. It looks like the crunch issue was a 15% increase in salary for the chief executive.
A very near miss was Cookson, where the rem report scraped through with a vote for of just under 51%. Worth checking out the RNS statement on the result too - Cookson's IR people don't seem to be able to do percentages (the vote against was a bit more than 32%!). Hat-tip: AM.
Looking back to last week, Xstrata saw a majority of non-Glencore (controlling shareholder) votes go against the rem report. I also think the votes against and abstentions on the chair's election are just over 50%. One to keep an eye on.
Lloyds meanwhile has done the worst of the banks (so far) in terms of the vote on the rem report (8.5% against) which I find a bit surprising. There were bigger issues at Barclays IMO.
If anyone spots any other interesting results, let me know and I'll bung them up.