As share prices continue to drop, stockowners are asking about CEO compensation at annual shareholder meetings. Many CEOs received hefty bonuses despite the poor performance of their companies, prompting shareholders to question the value of incentive pay. Shareholders used the annual meetings to vote for resolutions capping CEO pay or tying it more closely to stock performance.
See "Executives' Pay Bothers Investors", Eileen Alt Powell, Detroit Free Press, May 15, 2001