Dick Weil's pay dropped substantially last year, perhaps thanks to shareholder vote. Janus Capital Group revealed yesterday in a proxy filing that their CEO's compensation fell to $6.15 million in 2011, down from $20.34 million in 2010, and that new compensation guidelines will be put in place.

Reuters reported on the news and noted that the changes came after Janus lost a non-binding shareholder "Say on Pay" vote.

"We take our fiduciary responsibilities to our shareholders very seriously," Weil said in a separate filing discussing the changes.

Janus paid Weil a $10-million signing bonus in 2010. Yet even excluding that bonus, Weil's pay still fell 40 percent in 2011. 

Edited by: HFD


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