In an unusual move, CenterPoint Energy shareholders on Friday rejected CEO David Lesar’s $38 million compensation package, after a report found it was far higher than chief executives of similar utility companies.
CenterPoint Energy shareholders on Friday rejected CEO David Lesar’s compensation package in nonbinding vote that sends a message to the Houston utility’s board that they disapprove of the nearly $38 million Lesar received in 2021.
Ted Pound, chairman of CenterPoint board’s compensation committee, said in a statement that the utility’s directors “value and respect the perspective of our shareholders” and “will take their views on executive compensation into consideration as we evaluate an approach that will serve the company and our investors.”
Companies are required to allow shareholders to vote on executive compensation at least once every three years, although the companies’ boards can decide whether or not those votes are binding, triggering action, or non-binding, making them largely symbolic. Ed Hirs, an energy fellow at the University of Houston, said the vote could be a sign of a souring relationship between shareholders, the board and Lesar.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Starbucks CEO Pushed Managers to Thwart Unionization Efforts, Leaked Video ShowsLabor advocates say that the company is becoming desperate as baristas continue to successfully organize their stores.
Weiterlesen »
Opinion | An Unexpected But Welcome Call to Cap CEO Pay Comes From FranceFrench President Emmanuel Macron warned recently that modern societies just might \u0022explode\u0022 without a maximum wage.
Weiterlesen »
Leaked Video Reveals Starbucks CEO Urged Managers to Ramp Up Union-Busting Efforts'Starbucks is getting desperate as it loses this war in battle after battle,' said the baristas' union, 'because we—the Starbucks partners—continue to organize and fight for a real voice within the company.'
Weiterlesen »
Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds – Featured Bitcoin NewsTesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform.
Weiterlesen »
Sibros CEO Took What He Learned At Tesla To Solve A Critical Problem Spanning IndustriesSibros CEO and co-founder, Hemant Sikaria took the time to chat with me about what inspired him to start his company
Weiterlesen »
San Francisco Tech CEO Jack Dorsey's New Official Title: 'Block Head'Technology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.
Weiterlesen »