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Republic shareholders reject ESG-linked pay proposal after industry sees another year of rising CEO compensation

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. ....

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Shareholders Reject XPO Logistics CEO Compensation

Courtesy of XPO Logistics
XPO shareholders voted to reject Brad Jacobs 2021 compensation package after a Teamsters campaign.
Jacobs total compensation was $21.8 million in 2020.
The vote is nonbinding but represents a first for the logistics company.
XPO Logistics shareholders voted Tuesday to reject the compensation package for CEO Brad Jacobs as laid out by the company.
Jacobs, who has been the CEO of XPO for nearly 10 years, is set to make $80 million in long-term incentives on top of his base compensation, which is the primary objection of the International Brotherhood of Teamsters and other organizations that campaigned for Tuesday s result.
In 2020, Jacobs took home $21.8 million more than double many of his trucking and logistics peers, including the CEOs of J.B. Hunt, Schneider National, Yellow, Knight-Swift, Old Dominion, Landstar, and Ryder, according to an Insider analysis of the companies proxy statements. ....

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J&J CEO pay irks investors upset with opioid lawsuits fallout

J&J CEO pay irks investors upset with opioid lawsuits fallout
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Exclusive: J&J CEO pay irks investors upset with opioid lawsuits fallout

Exclusive: J&J CEO pay irks investors upset with opioid lawsuits fallout
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Johnson & Johnson CEO's pay increase questioned by investors concerned with legal costs of opioid lawsuits

Johnson & Johnson CEO's pay increase questioned by investors concerned with legal costs of opioid lawsuits
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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