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Wage gap: investors challenge high executive pay

25 October 2023 Articles

The Spanish financial media Cinco Dias published an article that shows the trends in the wage gap between employees and executives over the last 4 decades both in the US and Spain.

"In the Spanish market, a considerable compensation gap between top management and employees may be challenged by shareholders and result in a negative vote at AGMs for neglecting the social capital or impact the rating of ESG agencies, undermining investment decisions of some asset managers,” explains Borja Miranda, Head of M&A and Activism for Europe at Morrow Sodali.

Full article here (in Spanish only)

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