There have been just four defeats so far of companies in votes on their so-called "remuneration reports", and only one of these companies has been in the FTSE100 list of biggest businesses.
This has coincided with a quadrupling in top executives' pay, whereas company share prices as measured by the FTSE100 index have gone nowhere and average earnings for the rest of us have increased just a few percentage points a year.
According to research by the proxy voting service Manifest, if abstentions are counted as votes against, then some 67 FTSE100 companies would have lost the remuneration vote on a 75% threshold since the advisory vote was introduced a decade ago.
To be clear, as a British phenomenon it is pretty pronounced phenomenon: in 2009, the Big Four received 100% of all audit fees paid by FTSE100 companies (the UK's largest listed businesses) and 98% of the next tier, the FTSE250 businesses.