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CalSTRS to oppose Disney pay, CEO's re-election to board
CalSTRS will vote its almost 5.3 million shares against Walt Disney Co.’s executive compensation and the re-election of Robert A. Iger, chairman and CEO, to the board.
Towers Watson: 45% of companies changing executive compensation
Nearly half of companies surveyed by Towers Watson are making changes to their executive compensation programs in 2012.
U.K. shareholders might get more say on executive pay
Public companies in the U.K. would have to give shareholders binding votes on executive-pay structures every three years under a bill before Parliament.
Canadian Pacific CEO resigns; Ackman slate wins seats
Canadian Pacific Railway CEO Fred Green resigned and five other directors withdrew, rendering a shareholder vote anticlimactic.
J.P. Morgan Chase shareholders back executive compensation plan
J.P. Morgan Chase & Co. on Tuesdayannounced its executive compensation plan won the approval of 91.5% of shareholders in a non-binding annual advisory vote, up from 73% last year.
Towers Watson: Fortune 1000 CEO compensation up 2.6% in 2011
The nation's largest corporations increased the compensation to their chief executives only slightly in 2011, despite better financial results, according to an analysis by Towers Watson.
Disney shareholders OK executive compensation, director slate
Walt Disney Co. shareholders voted 57% in favor of ratifying the executive compensation of the company and re-elected all directors with at least 73% of the vote, according to preliminary proxy voting results at the company's annual meeting Tuesday.
CEO pay size matters more in shareholders' votes, says ISS
Shareholders who voted against CEO pay did so more because of the magnitude of total compensation than total shareholder return, according to an Institutional Shareholder Services report of voting on say-on-pay proposals.
Morgan Lewis adds 2 partners
Marla Kreindler and Julie Stapel were named partners at the law firm of Morgan, Lewis & Bockius' employee benefits and executive compensation practice.
Pay of top corporate execs soared from 2008 to 2010, research shows
Total annual compensation of the five top executives of Russell 3000 companies averaged $1.6 million in 2010, up 37% from 2008, according to research by ISS Corporate Services.
New York City systems seek to toughen pay clawback provisions at 3 banks
New York City Retirement Systems filed shareholder proposals to strengthen the incentive pay clawback policies at Goldman Sachs Group, J.P. Morgan Chase and Morgan Stanley.
Shareholders backed nearly all companies’ exec pay, says CII report
About 98% of U.S. corporations in the first half of 2011 received a majority shareholder vote in support of their executive compensation programs, according to a Council of Institutional Investors report issued Tuesday. The report, titled “Say on Pay: Identifying Investor Concerns,” also said 37
Few pay packages rejected, report finds
Shareholders rejected by a majority vote executive compensation at only 37 companies, or less than 1.3% of the 2,704 companies that have held say-on-pay votes this year through Sept. 3, according to a report Tuesday by The Conference Board. This is the first year of such mandatory non-binding
Most companies moderately concerned about comparing pay, performance
Sixty-four percent of companies surveyed by Towers Watson are moderately concerned about having to show the relationship between executive pay and corporate performance, as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Only 10% are greatly or very concerned, while
Senators ask corporate group to back pay-ratio disclosure
Sen. Robert Menendez, D-N.J., and three other senators called on a major corporate group to reverse its opposition to a provision requiring companies to disclosure the ratio of their CEO pay to the compensation of all their other employees. Mr. Menendez, author of the provision in the Dodd-Frank