Prudential pay plans prompt shareholder dissent

Shareholders representing nearly 12% of the company's capital at its annual general meeting in London voted against approving Thiam's £7.8m pay and benefits package - up from £4.7m a year earlier, according to Reuters. The dissenting vote was far less pronounced than a protest by shareholders last year, part of a broader debate over the scale of executive pay deals in Britain. But it was still far higher than the average for dissent at such meetings. Normally management decisions are simply waved through by the fund managers who tend to hold the bulk of shares in insurers and other ma...