Chipotle’s Shareholders Slam Executive Pay at Annual Meeting
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Chipotle Mexican Grill Inc. investors aren’t happy with how much the restaurant chain pays its top executives.
In a say-on-pay referendum at the company’s annual meeting, about 77 percent of votes opposed the current compensation terms, according to spokesman Chris Arnold. The vote is advisory and the board and compensation committee aren’t bound by it. Still, Chipotle uses the results to make future decisions on executive pay.