With the market doing well and financial stocks on a run, shareholders are unlikely to complain.
Ameriprise says it has never received a majority vote against its voluntary “Say on Pay” proxy proposal. For the 2017 proxy, 81 percent of voting shareholders approved the pay plan.
At the 2017 Raymond James shareholders meeting, 97 percent of the votes cast were in favor of approving the executive compensation program.
Ameriprise says it invites feedback on its compensation program from large shareholders. It says those shareholders support its pay practices, including a decision to shift more compensation from cash toward more long-term incentive awards.