Could the Occupy Movement’s theme of “fairness” be resonating? Frustration with executive pay and income disparity is a cornerstone to this movement, and part of the reason their protests took off in 2011.
Yesterday CitiGroup became the first major business that I’m aware of to get a “thumbs down” over proposed compensation for approving pay for its CEO by it’s share holders. The embarrassing snub to Vikram Pandit’s pay is not quite a trend but it is noteworthy considering this is one of Wall Street’s and our nation’s largest companies.
Considering the horrible job Pandit has done the snub hardly seems to be without merit. In 2011 Pandit’s pay was $14.8 million. If this was a Tweet, I’d feel compelled to end it with #Occupy, because as more time passes the more I sympathize and identify with this movement.
BosGuy 