If you follow the news, there seem to be a lot of shareholder unrest at the huge pay packets of some CEOs. For example, at Anglo American, 41% of shareholders voted against a pay rise for the CEO, which came in the face of dividends cuts and a huge fall in share price. BP had 59% voting down the payrise for the CEO. AstraZeneca has more shareholders rebelling this morning. (Meanwhile the CEO of the Co-op took a voluntary 60% pay cut and had to fight objections to do it - Guardian 7th April) Not all of these votes are binding and some CEOs will be paid anyway but even so the objections are coming from the large shareholders with the power to remove CEOs they don't like, so it might make a few people at the top aware they need to pick up performance. Are major share holders, particularly the large corporates, going to start demanding accountability or that top execs' pay may get capped? It would be a major market change if that happened, but I can only think it would be a good thing that a CEO's pay should be performance-linked like everyone else.