Tuesday, August 03, 2010

Investor Revolt

It's about time this started happening.

Occidental Petroleum faces battle with investors over executive pay | Business | The Guardian: "Occidental Petroleum is facing an investor revolt over levels of executive pay, including that of chief executive Ray Irani. Photograph: Reed Saxon/AP

One of America's highest-paid corporate bosses, the Occidental Petroleum chief executive Ray Irani, is facing a rebellion over his multimillion-dollar salary from two maverick investment funds, in a sign of mounting impatience in US business circles over boardroom pay and bonuses..."

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