OTTAWA — Shopify Inc. shareholders will vote this morning on whether to approve the e-commerce giant's compensation plan for executives.
OTTAWA — Shopify Inc. shareholders will vote this morning on whether to approve the e-commerce giant's compensation plan for executives.
ISS says the plan has "significant problematic pay practices," including a proposal that will compensate Shopify CEO Tobi Lütke with only a large stock option grant, equaling about US$20 million in each of the last three years. Just shy of 78 per cent of Shopify shareholders voted in favour of its executive compensation plan last year, down from the prior five years, when support averaged 94 per cent.The electric-vehicle maker argued that his pay package - one of the biggest in corporate America - motivated Musk to create "tremendous value" for shareholders.
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