Turns out, the idea that ignorance is bliss borrows from the idea that happy people might just beuninterested in looking into the ugly truth of things that occasionally lies under the surface.
More specifically, there is overwhelming evidence that companies with large number of shareholders from outside the UK - especially from Asia and the Middle East - have a much better chance of avoiding embarrassing votes on pay plans, because these overseas investors tend to beuninterested and unexcited by remuneration issues.