The global advertising firm WPP recently failed to win approval for its compensation package, despite the fact that its CEO Sir Martin Sorrell defended his pay in the Financial Times.
Here in the U.S., after only two years, almost a hundred companies have failed to win approval for their executive compensation packages, some of them for two years running.
Options amassed in the secret account were doled out to real employees without the approval of the board's compensation committee, the government contends.