1. Liberty Global CEO's Pay Prompts Backlash in Shareholder Vote

    Liberty Global CEO's Pay Prompts Backlash in Shareholder Vote

    Liberty Global Plc encountered one of the biggest scoldings for a U.K company over executive compensation, with about 32 percent of votes cast going against the media company’s pay plan, according to a regulatory filing on Monday. The non-binding vote at the cable operator’s annual meeting on June 21 covered 2016, a year in which Chief Executive Officer Mike Fries saw his compensation jump 45 percent to $40.1 million. While all resolutions passed, the protest was significant...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. The compensation committee failed to demonstrate adequate responsiveness to last year's low say-on-pay vote and CEO incentive opportunities remain excessive and subject to automatic annual increases.
    2. Liberty Global operates in a hotly contested, talent-driven global market.
  3. Topics Mentioned

  4. Authors