Tag: SAY ON PAY
SubscribePrompted by Advisers, Shareholders Voting Nay on Say on Pay
Historically, voting on executive compensation packages has been a pro forma exercise at the annual meetings of technology manufacturer 3M Co., as pay proposals breeze through with shareholder approval. Not so this year, however. With promi...
Read MoreCourt Battles for Musk, Cook Highlight New Expectations for Executive Pay
It was a tale of two verdicts recently for a pair of corporate heavyweights and their compensation. On January 30, a Delaware court put the kibosh on a $56 billion pay package for Elon Musk, the mercurial automotive innovator. Judge Kathale...
Read MoreInvestment Managers Should Brace for Enhanced Proxy Vote Reporting
For nearly 20 years, mutual funds have been required to report to the public on the proxy votes they cast at annual shareholder meetings. The Securities and Exchange Commission now wants even more information about those votes. The SEC anno...
Read MoreShareholders Go on Offense Against CEO Pay Raises
In an industry where top leaders routinely angle for lavish new contracts, the University of Michigan and its head football coach reached an unusual deal in early 2021. After the Wolverines stumbled to a 2-4 record in a 2020 season shortene...
Read MoreVanguard Says No on Pay at Alphabet, Uber
“Over the past year, the pandemic, economic uncertainty, and a historic social justice movement have brought environmental, social, and governance risks into sharp focus.” This comment from Vanguard CEO Tim Buckley is simultaneously one of...
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