Palo Alto Networks shareholders have rejected executive pay seven times, and the CEO still earns nearly $100 million
TL;DR
Palo Alto Networks shareholders have rejected executive pay seven times since 2015, the most in the S&P 500, yet CEO Nikesh Arora’s package is valued at nearly $100 million. The stock is up 800% under his leadership, but ISS and institutional investors cite structural pay concerns and a 442-to-1 CEO-to-worker ratio.
A majority of Palo Alto Networks shareholders have voted against the cybersecurity company’s executive compensation packages seven times since 2015, a record that makes it the most rejected pay programme in the S&P 500 and the third-most in the Russell 3000. The most recent vote came in December, when less than half of shareholders supported a package valued at nearly $100 million for CEO Nikesh Arora, a figure that would exceed the compensation of Jamie Dimon at JPMorgan Chase, Tim Cook at Apple, and Satya Nadella at Microsoft, all of whom run companies at least three times...
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