"Say on Pay" Has its Day?
The Deal
9/22/2008
Mary-Laura Greely and Pamela Greene
Escalating executive compensation has resulted in institutional shareholders demanding a "say on pay" for executive compensation packages. The say on pay movement began in 2006, when institutional shareholders began submitting annual meeting proposals to companies requesting that shareholders be allowed to vote on all or certain aspects of executive compensation, the results of which would be nonbinding on the company.
In this article, published on September 22, 2008 in The Deal Newsworthy, Mintz Levin attorneys Mary-Laura Greely and Pamela Greene discuss the arguments both for and against say on pay. In addition, the article analyzes the position of both presidential candidates on the topic.
