Nope, Shareholders Shouldn’t Be More Involved With Executive Pay | Investing to Wealth:
"Why don't shareholders care more? Shareholder apathy is completely rational because diversified shareholders lack an incentive to become overly familiar with the operations of individual companies. They own a diversified portfolio of investments, so their interest lies in a prosperous economy and a rising stock market rather than the governance of individual corporations. They rationally care about the big picture rather than the compensation of individual executives."