BOSTON/LONDON (Reuters) – The havoc wrought by the coronavirus crisis could give investors leverage to put new limits on CEO pay packages and link them more closely to a range of social and environmental issues at companies’ annual meetings this spring.
FILE PHOTO: The Wall St. Bull is seen standing on a nearly empty Broadway in the financial district, as the coronavirus disease (COVID-19) outbreak continues, in New York City, New York, U.S., March 23, 2020. REUTERS/Mike Segar/File Photo
Executive compensation is among issues expected to dominate AGMs around the world, many to be held virtually via video-conferencing, as management and shareholders weigh the impact of the pandemic on their businesses.
Even before the economic shock, many companies were linking executives’ paychecks to new measures. Now there is more political and reputational risk; bumper pay packages for CEOs, who at the top level can earn hundreds of times more than average workers, could prove a sensitive…