I cannot believe that they sit at every AGM, watch their share price collapse and vote that the CEO gets paid another 3 million. Something is very very very wrong, the whole thing stinks to high hell.
The problem is the votes of mum and dad shareholders at AGMs count for nothing. The institutions have given their proxy to the chairman before the meeting and the decisions are all locked away. On a few occasions the instos have done "native" but it is rare unfortunately and when a CL invitation is at stake it just ain't gonna happen.