August 22, 2016
Say-on-Pay: Growth in High “No” Votes Spells Trouble
– Broc Romanek
This NY Times column by Gretchen Morgenson notes how Hain Celestial had increasing levels of “no” votes on its say-on-pay over the past four years – growing from 31% to 59% over that period – and the fact that the company didn’t seem to care might have been a good harbinger of the accounting problems that came to light last week. The company had other red flags too – such as its peer group composition…