"either an idiot... or possessed of a dangerous agenda and very cunning"
Wednesday, 4 May 2011
Big vote against remuneration policy at Xstrata
Look here. Vote against is a bit under 32%, but if you add in abstains looks like the vote in favour is around 60%. Given that Glencore owns about 34% that looks like a majority of the free float voting against to me. Second year in a row too.
Ex-TUC official now working for a consultancy that deals with corporate governance and shareholder engagement. I'm interested in getting the labour movement and the Left to understand the capital markets properly. There's plenty that needs fixing, but we need to get beyond simplistic anti-City and anti-business rhetoric to do it.
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