May 19, 2007
Verizon Shareholders Adopt Say on Pay Proposal
Verizon shareholders adopted a shareholders resolution at the May 3 annual meeting that gives shareholders an advisory vote on executive compensation; 50.18% of votes were in favor of it, the company announced yesterday. Shareholders were particularly upset by CEO Ivan Seidenberg's $20 million plus pay package, an 11% increase, when the company's performance was less than stellar. See NYTimes, Say-on-Pay Gets Support at Verizon; WSJ, Verizon Holders Pass 'Say-on-Pay' Plan.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Verizon Shareholders Adopt Say on Pay Proposal: