The Advisors' Blog

– Broc Romanek, CompensationStandards.com

Recently, I blogged on DealLawyers.com about how nearly 60% of Rite Aid shareholders supported a non-binding shareholder proposal at the company’s annual meeting that asks that the company to limit the CEO’s golden parachute. This was a rare case of a rebuke of a golden parachute as similar measures at other companies only garnered an average of 33% support this proxy season.

Then I read this piece from Paul Hodgson about how Humana’s shareholders look likely to approve a merger – but not approve the company’s golden parachute (albeit that would be just a nonbinding disapproval)…