Todd Sirras featured in The Wall Street Journal: “Smaller Companies More Likely to Fail Say-on-Pay”
Semler Brossy’s Todd Sirras was featured in a recent Wall Street Journal article about Say on Pay trends.
According to the article, “So far this year, 54 companies in the Russell 3000 Index, or 2.7%, failed to get majority backing from shareholders on say-on-pay. The largest of those by revenue this year was Bed Bath & Beyond Inc. BBBY +3.12% which received 35% support on its pay packages from shareholders at its annual meeting in July.”
“Larger companies are under more scrutiny and pay programs at large companies are more standardized,” said Todd Sirras, a principal at Semler Brossy.
Between 2% to 3% of Russell 3000 companies fail the vote each year, but smaller companies are more likely to fail today because they don’t have the same executive pay playbook as larger firms, Mr. Sirras said.
Read the full article, “Smaller Companies More Likely to Fail Say-on-Pay” (subscription required).