Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, May 22, 2008

Shareholder Votes On Say on Pay Down at Big Banks

Shareholder support for "say-on-pay" proposals at the four big banks -- Merrill Lynch, Citigroup, J.P. Morgan Chase, and Morgan Stanley -- averaged 37% of shareholder votes.  While that's a healthy percentage, it's down from last year's average of 43% for the same companies -- a surprising result given the drop of stockholder value and the generous compensation packages at those firms.  In contrast, shareholder support for the proposal at all U.S. corporations is roughly the same as last year.  WSJ, Say-on-Pay Doesn't Play on Wall Street.

http://lawprofessors.typepad.com/securities/2008/05/shareholder-vot.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e5527c27218834

Listed below are links to weblogs that reference Shareholder Votes On Say on Pay Down at Big Banks:

Comments

Post a comment