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'Overstuffed' Exec Pay Rejected By Chipotle Investors

Shareholders of Chipotle Mexican Grill Thursday overwhelmingly rejected an executive compensation plan that critics said left company chieftains "overstuffed" at the expense of shareholders.
'Overstuffed' Exec Pay Rejected By Chipotle Investors

Via AFP:

Shareholders of Chipotle Mexican Grill Thursday overwhelmingly rejected an executive compensation plan that critics said left company chieftains "overstuffed" at the expense of shareholders.

Just 23 percent of Chipotle's shareholders voted in favor of the company-backed "say-on-pay" proposal at Thursday's annual meeting, a Chipotle spokesman said.

The CtW Investment Group, which advises union-sponsored pension funds, applauded the condemnation of "bloated" and "overstuffed" pay for the leaders of the famed burrito chain.

"With this overwhelming rejection of the pay plan by the Compa...

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