Macquarie Group Cops Historic Backlash on Executive Pay

Macquarie’s famed pay packages under attack from disgruntled shareholders at AGM

Investors used the group’s annual general meeting in Sydney on Thursday to vote against remuneration plansFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMacquarie Group has been stung by a shareholder backlash against its executive pay plans amid disquiet over a string of regulatory prosecutions.Investors lodged votes against Macquarie’s remuneration plans in excess of 25%, in a m…

Macquarie Group cops historic backlash on executive pay

Macquarie chairman Glenn Stevens has conceded that some shareholders are not satisfied with the board’s decisions on executive pay, with the investment bank also reporting a dip in profits.