Rejections of executive pay packages in shareholder votes mandated by the Dodd-Frank Act more than a decade ago reached a record high this month as investors judge how CEOs handled the coronavirus pandemic.

Companies’ decisions to exclude COVID-19’s business impact when finalizing the size of bonuses and stock packages for their highest-paid executives are triggering more objections than ever, investor and pay consultants said. The widening divide between CEO and average worker earnings is also impacting how Wall Street views compensation. READ MORE