June 4, 2012
Say-on-Pay: Now 39 Failures – And 1st Company to Fail Despite Favorable ISS Recommendation!
– Broc Romanek, CompensationStandards.com
I’ve added 7 more companies to our failed say-on-pay list for 2012! We are now at 39 companies that have failed to garner major support – with Digital River garnering support only in the teens (19.2%; going even lower than Chiquita Brands)! And Safety Insurance Group became the first company to fail after receiving a ‘For’ recommendation from ISS, as noted in this Semler Brossy blurb. Hat tip to Karla Bos of ING Funds for keeping me updated!
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