1. Liberty Global CEO's Pay Prompts Backlash in Shareholder Vote

    Liberty Global CEO's Pay Prompts Backlash in Shareholder Vote

    Liberty Global Plc encountered one of the biggest scoldings for a U.K company over executive compensation, with about 32 percent of votes cast going against the media company’s pay plan, according to a regulatory filing on Monday. The non-binding vote at the cable operator’s annual meeting on June 21 covered 2016, a year in which Chief Executive Officer Mike Fries saw his compensation jump 45 percent to $40.1 million. While all resolutions passed, the protest was significant...

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    1. The compensation committee failed to demonstrate adequate responsiveness to last year's low say-on-pay vote and CEO incentive opportunities remain excessive and subject to automatic annual increases.
    2. Liberty Global operates in a hotly contested, talent-driven global market.
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