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Say-on-pay support flat from 2013
trueCompanies won an average 90% level of shareholder support for the compensation of their CEOs and other top executives in say-on-pay voting this year through June 30, said a Towers Watson report released Wednesday based on the findings of 2,168 companies in the Russell 3000.
Towers Watson: Executive compensation support unchanged so far in 2014
trueSeventy-three percent of companies won at least 90% of the shareholder vote in support of their executive compensation practices based on results of 2,132 companies in the Russell 3000 index reporting results this year through June 20
McDonald's shareholders ratify CEO's pay despite opposition by CalPERS
trueMcDonald's Corp. shareholders on Thursday voted to ratify the compensation of Donald Thompson, president and CEO, and four other top executives by a 93.5% vote, despite opposition by CalPERS.
J.P. Morgan Chase faces opposition from pension funds on pay, directors
trueFlorida State Board of Administration will vote against the compensation package for James “Jamie” Dimon, chairman and CEO, and four other senior executives at J.P. Morgan Chase & Co., while the Connecticut Retirement Plans & Trust Funds and Illinois State Board of Investment will vote against the ...
Pension funds oppose Chipotle executive pay
trueThree pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.
Nathan Cummings Foundation will file for proxy access at Oracle
trueNathan Cummings Foundation, New York, expects to file a proposal at Oracle Corp., calling for proxy access permitting shareholders the use of corporate proxy materials to nominate directors.
Ford shareholders approve executive compensation despite pension opposition
trueFord Motor Co. shareholders Thursday voted 75.2% of shares to ratify the compensation package of Alan Mulally, president and CEO, and other senior executives at the company despite opposition from CalSTRS, Canada Pension Plan Investment Board and Florida State Board of Administration.
Barrick shareholders approve exec pay package
trueBarrick Gold Corp. shareholders ratified an executive compensation package with 80% of the vote despite opposition from the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan.
CPPIB on opposing side of CalSTRS, Florida SBA for executive compensation at Barrick
trueCanada Pension Plan Investment Board is at odds with CalSTRS and the Florida State Board of Administration in their voting on the executive compensation plan of Barrick Gold Corp., according to their proxy-voting disclosures.
Coca-Cola shareholders approve executive equity plan, reject independent chairman
trueCoca-Cola Co. shareholders approved the company's proposed 2014 executive equity plan by an 83% vote in favor, despite opposition from some major pension funds, according to preliminary results announced at Wednesday's annual meeting.
CEO compensation at S&P 1500 companies barely rises on lower pension values
trueThe median total compensation for CEOs at the nation's largest corporations increased 0.5% in 2013 to $4.9 million, primarily the result of sharply lower executive pension values, according to a new analysis of proxy statements of 430 companies in the S&P 1500 index by Towers Watson.
CalSTRS updates proxy votes on Coca-Cola in support of compensation proposals
trueCalSTRS reversed its position on Coca-Cola Co. and will now support the pay package of Muhtar Kent, the company's chairman and CEO, and other top executives, according to the pension fund's proxy voting disclosure.
Investors split on Coca-Cola proxy proposals
trueTwo pension funds, a money manager and a proxy-voting advisory firm have lined up in their shareholder voting on opposing sides of Coca-Cola Co.'s proxy proposals on election of directors, executive pay programs, but most support a proposal for an independent chairman.
Ontario Teachers to vote against Coca-Cola compensation and equity plans
trueOntario Teachers’ Pension Plan, Toronto, will vote against Coca-Cola Co.’s 2014 executive compensation and equity plan, according to the C$140.8 billion (US$128.9 billion) plan’s website.
3 withdraw shareholder-access resolution at Disney
trueCalSTRS, Connecticut Retirement Plans & Trust Funds and Legal & General Investment Management withdrew their proposal at Walt Disney Co. calling for shareholder access to corporate proxy material to nominate directors, according to a webcast of the company's annual meeting Tuesday.