Pay Votes In Line with Last Year’s

Companies are getting average 89% support for say-on-pay votes this year, vs. 90% in 2011, Towers Watson says.

Shareholders’ rejection of Citigroup’s executive compensation plan last month garnered lots of press, but for the most part investors are giving pay packages a thumbs up this year, in line with last year’s results.

Statistics from HR consulting company Towers Watson show companies have averaged support of 89% in the close to 900 say-on-pay votes conducted so far this year, little changed from average support of 90% in 2011.

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