May 2, 2011
Say-on-Pay: A 10th Failed Vote
– Broc Romanek, CompensationStandards.com
Last week, Cogent Communications filed this Form 8-K to report that it became the 10th company to fail to gain majority support for its say-on-pay, with only 39% voting in favor. Ted Allen’s blog provides some analysis, including noting significant levels of “no” votes at Pfizer and Johnson & Johnson (both of whom are S&P 500 companies).
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