Times of India | Technology company whose CEO’s pay has been rejected the most number of times in Corporate America
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Palo Alto Networks has faced the most “say‑on‑pay” rejections of any S&P 500 firm, with shareholders voting down its executive compensation proposals seven times since 2015 – the latest in December 2025 when a near‑$100 million package for CEO Nikesh Arora was rejected. Despite the opposition, the cybersecurity company has posted strong results, with shares up almost 800 % and market value rising over $100 billion since Arora became CEO in 2018. The board defended the pay, saying it is performance‑based, while investors such as the Florida State Board of Administration and proxy advisers ISS and Glass Lewis argued that the targets are insufficiently challenging and the CEO‑to‑worker pay gap, which hit 442‑to‑1 in FY 2025, is excessive. Executive compensation for other senior leaders also exceeded $25 million each, and although Palo Alto has tweaked payout caps and performance metrics, those changes did not prevent the latest package from being rejected. Arora maintains that his compensation is tied to shareholder returns, noting that he received no pay in 2024 despite the company’s growth.
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https://timesofindia.indiatimes.com/technology/tech-news/technology-company-whose-ceos-pay-has-been-rejected-the-most-number-of-times-in-corporate-america/articleshow/131487514.cms
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