December 4, 2012
More Failed Say-on-Golden-Parachute Votes
– Broc Romanek, CompensationStandards.com
Recently, I posted a blog from ISS about 3 failed say-on-golden-parachutes – Advance America, Ariba and Interline Brands. The blog also mentioned the European failure of Xstrata, as detailed in this WSJ article. Rajeev Kumar of Georgeson was kind enough to point out two other recent failures: Cooper Industries and Coventry Health Care. I am maintaining a list of say-on-parachute failures in our “Say-on-Parachute” Practice Area.