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Chipotle restaurant chain investors reject ‘overstuffed’ pay package for executives

Shareholders of Chipotle Mexican Grill Thursday overwhelmingly rejected an executive compensation plan that critics said left company chieftains “overstuffed” at the expense of shareholders. Just 23 percent of Chipotle’s shareholders voted in favor of the company-backed “say-on-pay” proposal at Thursday’s annual meeting, a Chipotle spokesman said. The CtW Investment Group,…

Former AIG chief sues U.S. for $25 billion

Former American International Group chief Maurice “Hank” Greenberg sued the US government for $25 billion Monday over the takeover of AIG at the height of the financial crisis in 2008. In a class action suit, Greenberg alleged that AIG shareholders lost most of their investments when the government unnecessarily took over AIG rather than just aiding…