Chipotle Loses a Compensation Vote. Are Its Co-CEOs Too Costly?

Steve Ells, Co-CEO and Chairman of Chipotle Mexican Grill, on Feb. 11 in Los Angeles Photograph by Gabriel Olsen/Getty Images

Chipotle Mexican Grill suffered an unusual setback at its annual shareholder meeting on Thursday when 77 percent of shareholders voted against the company’s executive pay plan. The result will prompt a full review of how much Chipotle pays its top executives and how its compensation packages are structured.

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