Deal Professor: Furor Over Executive Pay Is Not the Revolt It Appears to Be

US pen

Second pay revolt in successive years sees vote

MONTREAL – Every spring, a bespectacled little man with a silver moustache and a penchant for theatrics takes the microphone at select annual shareholder meetings in Canada and gives directors and management a multi-minute tongue-lashing about every corporate governance flaw he’s identified at their company. It’s the gospel according to Yves Michaud.

Associatio

In recent matters involving struggling banks, the Federal Reserve has sought to limit the ability of shareholder activists to nominate directors, which some investors view as an instrument of good corporate governance.