Republic shareholders reject ESG-linked pay proposal while industry sees another year of rising CEO compensation
A recent Teamsters-backed effort to tie executive compensation to environmental performance was unsuccessful. Meanwhile, the pay gap between solid waste CEOs and median employees continues to widen.
Published May 25, 2021
Courtesy of Republic Services
As pay for the solid waste industry's top CEOs continued to grow in 2020, shareholders at Republic Services recently voted against efforts to change the company's executive compensation plans.
Amid an otherwise uneventful season of shareholder meetings for the industry's publicly traded companies so far, Republic encountered two notable efforts by the International Brotherhood of Teamsters at its annual shareholder meeting last week.