XL Group sees a third of shareholders rebel on pay

XL Group shareholders have voiced opposition to the
company's executive pay plan, with the Bermudian becoming the
latest carrier to face investor disapproval over compensation
proposals at an annual meeting of stockholders.
In an advisory vote last week, holders of almost 32 percent of
XL shares opposed proposed salary and bonus levels for top
executives, with those controlling 68 percent of shares favouring
the plan.
The vote occurred during XL's annual meeting on 19 May in
Hamilton, Bermuda. D