HSBC shareholders to vote on pay

Shareholder advisory body, Pirc, says long-term incentive plans

OTTAWA — CIBC chief executive Gerald McCaughey received a bit of a rough ride at the chartered bank’s annual meeting Thursday, and it had little to do with 2012’s modest performance. The head of one of Canada’s biggest financial institutions was the subject of several complaints from the floor about his compensation and that of the bank’s other four named executive officers at the sparsely attended meeting.

Bank says cites John

Second pay revolt in successive years sees vote