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Pension funds line up against Chipotle pay package
trueTwo big pension funds 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.
SEC approves pay-for-performance requirement for companies
trueThe Securities and Exchange Commission on Wednesday approved new pay-for-performance requirement that means companies must now disclose the relationship between executive compensation and financial performance of the company.
Barrick shareholders reject executive compensation resolution
trueBarrick Gold Corp. shareholders overwhelmingly voted on Tuesday against the company's executive compensation resolution.
CalSTRS to oppose Coca-Cola's compensation committee members, executive compensation
trueCalSTRS said it will oppose the appointment of four of Coca-Cola Co.'s 15-member board of directors, all members of its compensation committee, and will vote against CEO Muhtar Kent's $25.2 million compensation.
Canadian pension funds line up against Barrick Gold executive compensation
trueThe C$238.8 billion ($194.9 billion) Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers' Pension Plan and C$114 billion British Columbia Investment Management Corp. said they will vote against Barrick Gold Corp.'s non-binding say-on-pay vote for its executive compensation.
Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements
trueSome 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday found.
Exxon Mobil to disclose sustainability metrics in setting executive pay
trueWespath Investment Management, the investment division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church, agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company agreed to disclose sustainability-related ...
Towers Watson: Large companies increasing stock ownership requirements for executives
trueLarge companies are stepping up their corporate stock ownership requirements for their CEOs and other executives to strengthen the link between shareholder and management interests, Towers Watson found in an analysis released Tuesday.
Starbucks CEO, 5 executives facing opposition on pay
trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.
CPPIB, FSBA to oppose Apple's executive pay package, support proxy access
trueCanada Pension Plan Investment Board and the Florida State Board of Administration plan to vote against Apple Inc.'s pay plan for CEO Tim Cook and other top executives, according to their proxy voting disclosures.
Shareholders approve pay package for Microsoft CEO, top executives
trueA majority of shareholders approved Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.
Pension funds take sides on Microsoft executive pay package
truePension funds have lined up on different sides on the issue of Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.
Coca-Cola reduces shareholder approved executive equity plan
trueCoca-Cola Co. announced Wednesday it is backtracking somewhat from its executive equity plan approved in a shareholder vote in April that received opposition from some major pension funds, which called it excessive.
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