Editorial: Do shareholders look after themselves better than members?

True, yesterday did see a protest vote on remunerating directors, but at the end of the day, the board’s proposals were carried, and board members can now look forward to millions of pounds in collective bonuses, pension contributions, etc. Coming after Equitable Life awarded its chairman Vanni Treves a hefty bonus in return for handing policyholders a knife with which to cut off their own legs – i.e., voluntarily vote to slash their own pensions as part of a “rescue plan” – the contrast to shareholder activism is becoming increasingly clear cut. This begs the question of what might h...