Institutional investors are busy protesting against executive pay. In the US, pay packages at public companies have received their lowest approval levels since votes became mandatory 10 years ago. In the UK, the average proportion of No votes has reached its highest level in at least seven years. Pay revolts are very much in keeping with the ESG zeitgeist. And disinterested observers can be pleased there is resistance to chief executives earning massive multiples of average wages at a time of global suffering. READ MORE