M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Monday, May 3, 2010

Shareholders Saying "No" to Say on Pay

"Say on pay" measures were on the proxy for DuPont and Johnson & Johnson.  In both cases shareholders rejected the measures (DuPont here and J&J here). Don't know if that's typical of all say on pay measures. Though I'll admit to being surprised at the results.  Meanwhile, the financial reform package making its way through Congress contains a mandatory say on pay provision.  Reticence to move too quickly out in front of the Feds might account for the failure of the question at both DuPont and J&J. 

-bjmq

http://lawprofessors.typepad.com/mergers/2010/05/shareholders-saying-no-to-say-on-pay.html

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