Credit Suisse and Barclays investors revolt over pay

LONDON/ZURICH (Reuters) - More than a quarter of shareholders at Credit Suisse and Barclays voted down the banks' pay plans on Friday, in a sign investors are catching up with popular outrage over rewards in an industry blamed for derailing the global economy. Such stark rejections are rare, with the average vote against pay proposals at British companies last year only 6 percent. This year's shareholder meetings to approve the plans were stormy, with investors venting their fury at bosses they see gaining at their expense. ...