Investors push to rein in Dollar General CEO pay and perks

Dollar General investors are pushing for shareholders to vote against executive officer compensation proposals at the company that raise “serious concerns regarding Dollar General’s governance, corporate priorities, and treatment of its workforce”. In a letter to shareholders the SOC Investor Group, formerly known as the Change to Win Federation, pointed out that the median salary for a Dollar General employee in 2023 was $18,657 annually, or over $9 an hour, while Dollar General’s CEO, Todd Vasos, received nearly $183m in compensation from 2015 to 2021. SOC is calling on investors to vote no on a “Say on Pay” resolution at the company’s annual shareholder meeting on 29 May that includes a rehire stock option package for the CEO, hefty severance agreements for executives and a substantial allowance for the CEO’s personal use of the corporate jet. Vasos served as CEO of the company from June 2015 to November 2022, when he became a senior adviser to the company before retiring in April 2023. A few months later in October 2023, Vasos returned as CEO of the company. His compensation for 2024 totals about $9.7m, but also includes several perks that could yield him substantially more through stock options. “Our critiques...

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