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Bunge Shareholders Vote 'No' on Executives' Pay

Chief Executive Greg Heckman earned $16.7M in his first year

Photo courtesy of Bunge
Photo courtesy of Bunge

During its annual meeting last week, shareholders of Bunge voted their disapproval of the company's pay practices, which included $16.7 million for Chief Executive Greg Heckman, reports the St. Louis Post-Dispatch.

Bunge revealed the vote results Tuesday in a securities filing. It also showed a significant number of votes against director Vinita Bali, who was re-elected by a margin of 53% to 47%.

The vote on pay is merely advisory, so the Chesterfield-based grain company isn't required to make any changes.

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