If out of this near-death economic experience, shareholders emerge stronger and tougher on directors about me-first executives, more to the good.
WPP has experienced shareholder rebellions over Sorrell's pay in the past and was forced to back down over his pay plan four years ago.
Biggest net cash outflows, latest 12 months A return of 25% in the last 12 months doesn't compensate for an average annual return of -5% over the last five years for the Janus Twenty fund, which has experienced shareholder redemptions of $1.7 billion over the past 12 months.
Although often described as a way to "align" the interests of executives or directors with those of shareholders, such options are given to the recipients at no cost, which is certainly not the experience of shareholders, Mr. Breeden said.
One reason he was able to take such an aggressive stance, he said, was that his fund experienced no shareholder selling.
Balfour Beatty blames "inconsistent operational delivery" for its troubles but the experience for shareholders is horribly consistent: the numbers are always worse than expected.
The largest increase in terms of monetary value went to Sir Martin Sorrell, chief executive of global advertising group WPP, who experienced a shareholder revolt over his bumper pay deal this week.
Buxton supported his call for the bonuses of Soriot and his team to be linked to the Pfizer offer by citing the experience of shareholders in Abbey National, which was eventually sold to Santander after two previous bids were rejected.
Big scary monsters Greenspan's glimmer Penny bazaar Frédéric Bastiat Elf help Farmers unite ReprintsAdd to all this Germans' lack of experience as shareholders (compared with Americans, in particular) and the result is a deep distrust of almost anything listed on the Neuer Markt.
University of Oxford Shakespeare's experience as a shareholder in a theatre company transformed the way he wrote characters, an English literature expert has claimed.
