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Even before the latest revelation, Mr. Vasella's pay had been at the center of shareholder complaints.
It is the changing face of shareholder activism.
Sure enough, a rash of shareholder lawsuits has followed.
This should be weighed against the benefits of shareholder activism.
That has been somewhat at the expense of shareholder returns.
Exxon's decision was also an impressive reflection of shareholder power.
Management is the steward of shareholder capital, he said.
The S.E.C. acted in the name of shareholder democracy.
Because of shareholder hostility, HMV has temporarily shelved the idea.
"That is a clear destruction of shareholder value," he insisted.
Another called it the biggest destruction of shareholder value ever.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com