Investors used the group’s annual general meeting in Sydney on Thursday to vote against remuneration plans
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Macquarie Group has been stung by a shareholder backlash against its executive pay plans amid disquiet over a string of regulatory prosecutions.
Investors lodged votes against Macquarie’s remuneration plans in excess of 25%, in a major rebuke of the company’s famed pay packages, triggering a “first strike” at its annual general meeting in Sydney on Thursday.