# Factbox-Battles over CEO pay across the globe Published: 2024-07-02 Category: Headlines Category URL: https://blockchaintribune.com/category/headlines/ Meta Title: CEO Pay Battles: Salesforce, Tesla, AstraZeneca, and More Meta Description: Discover the latest global showdowns over CEO compensation, from Salesforce to Tesla, and beyond. Shareholders, scandals, and shocking figures exposed! URL: https://blockchaintribune.com/factbox-battles-over-ceo-pay-across-the-globe/ ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsvj8y0041wirgw17s2dn1/images/2024-05-31t092818z1lynxmpek4u0e4rtroptp4ai-britain-summit-1736749382664-compressed.webp) ## Factbox-Battles over CEO pay across the globe (Reuters) -A majority of Salesforce shareholders voted against a compensation plan for CEO Marc Benioff and other top executives, according to a security filing on Monday. Benioff received $39.6 million in total compensation for fiscal year 2024, up from $29.9 million in the prior year. Below are other CEO pay packages that have faced a tough fight: Year Company Description 2024 Tesla A Delaware judge in January voided Tesla CEO Elon Musk’s $56 billion pay package, calling it as “unfathomable.” Shareholders, in June, approved the package, despite opposition from some large institutional investors and proxy firms. 2024 AstraZeneca Over a third of AstraZeneca’s investors opposed its 2024 pay policy, which will boost CEO Pascal Soriot’s remuneration to as much as 18.9 million pounds. It won the backing, however, of the required majority of votes. 2024 3M In May, 3M shareholders voted down the annual compensation packages of certain executives, including that of former CEO Mike Roman. 2024 BlackRock BlackRock’s executive pay, including that of CEO Larry Fink, won narrow support from shareholders, with about 42% of votes cast opposing it. 2024 Boohoo UK-based Boohoo Group’s bosses waived their annual bonuses in May and scrapped plans to raise executive awards after backlash from shareholders. 2023 BP Former CEO Bernard Looney had more than $40 million cut in his compensation after the British oil giant concluded he misled the board over personal relationships with colleagues. 2023 Telecom Shareholders rejected Telecom Italia Italia’s pay policy after top investor Vivendi criticized criteria to award bonus payments to CEO Pietro Labriola. 2022 Intel Intel shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. 2021 Rio Tinto Rio Tinto shareholders rejected the miner’s executive pay packages, in a backlash over its destruction of ancient rock shelters in Western Australia the previous year. 2021 McDonald’s Former CEO Steve Easterbrook agreed to return compensation worth $105 million in equity awards and cash to settle a lawsuit over alleged lies about affairs. 2021 GE GE shareholders rejected executives’ compensation packages, including a payout of as much as $230 million to CEO Larry Culp. 2021 Morrisons Investors in the British supermarket group overwhelmingly rejected its pay report in 2021. 2021 Halliburton More than half of Halliburton’s shareholders voted against its proposed executive compensation plan. 2021 UniCredit The Italian bank’s boss, Andrea Orcel, narrowly avoided a shareholder revolt against his pay package, securing only 54% of votes at a general meeting after top investor BlackRock voted against it. 2019 CBS CBS Corp fired Leslie Moonves for cause and denied a $120 million severance package after the former chief executive was accused of sexual harassment and assault that allegedly took place before and after he joined the company. 2017 Uber Travis Kalanick, Uber’s co-founder and CEO, was forced to resign after a series of scandals plagued the company, including allegations of sexual harassment and a toxic workplace culture. Shareholders later sued the board, alleging it failed to properly oversee Kalanick and allowed the scandals to occur. 2017 Equifax After a massive data breach exposed millions of customers’ personal information, Equifax’s CEO received significant criticism for his handling of the crisis and a hefty bonus. Shareholders filed suit alleging the board failed to properly oversee the CEO. 2017 BP BP cut CEO Bob Dudley’s 2016 pay package by 40% after a wave of shareholder revolts. 2016 Viacom A shareholder lawsuit claimed that Viacom and CBS Corp’s executive chairman, Sumner Redstone, was improperly paid millions though “he was physically and mentally incapacitated.” 2011 Occidental Occidental Petroleum CEO Ray Petroleum Irani was criticized for excessive pay after his compensation grew 40% in 2009 to $31.4 million. Shareholders pushed for board seats. 2002 Worldcom After an accounting scandal that led to financial fraud, shareholders sued the company over excessive compensation awarded to executives, including the CEO. (Reporting by Priyanka.G, Anchal Rana, Yadarisa Shabong and Jaspreet Singh in Bengaluru; Editing by Aditya Soni, Devika Syamnath, ,Matthew Lewis, Miral Fahmy and Sriraj Kalluvila) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---