Business

MetLife shareholders approve 2016 executive pay

MetLife shareholders approve 2016 executive pay
A MetLife Inc building is shown in Irvine, California. Photo: Reuters
Published: 5:00 AM, June 16, 2017

MetLife Inc shareholders have approved the company's compensation for executives and sided with directors in rejecting a proposal that would make it easier for shareholders to call special meetings, the company said in a filing on Thursday.

Shareholders voted at the annual shareholders meeting in New York on Tuesday to award MetLife Chairman, President and Chief Executive Officer Steven A. Kandarian total compensation of $15.3 million for 2016, including base salary, stock awards and other compensation. The figure was down slightly from $15.7 million in 2015. REUTERS