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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.
Institutional investors believe CEOs are overpaid — survey
trueSome 72% of institutional investors believe the U.S. executive pay model has led to excessive CEO compensation levels, almost four times the 20% of corporate directors holding such a view.
OTPP on say-on-pay in 2014: Go ahead, make my day
trueOntario Teachers' Pension Plan will have a shorter fuse in taking a tougher approach this year in say-on-pay proxy voting, including voting against board members when it sees a disconnect between executive compensation and corporate performance, according to revisions to its corporate governance ...
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
CEO pay disclosure seen as costly burden that won't help investors — Towers Watson
trueOnly one in 10 compensation professionals at U.S. corporations believes CEO pay ratio disclosure will provide useful information for investors and companies, according to results of a survey by Towers Watson.
CEO-to-worker pay ratio disclosure proposed by SEC
trueA divided U.S. Securities and Exchange Commission proposed that public companies disclose how much more their chief executives earn than rank-and-file workers.
CEO, CFO pay leveling off, study finds
trueThe median compensation for CEOs fell 0.3% last year compared with a year earlier, while it rose only 1.4% for CFOs, according to a study of pay trends released Tuesday by Compensation Advisory Partners.
CalSTRS to oppose Disney pay, CEO's re-election to board
trueCalSTRS 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
trueNearly 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
truePublic 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
trueCanadian 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
trueJ.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.