Hercules Investor Points To Say-On-Pay Vote In Raise Row
By Bibeka Shrestha ( September 19, 2011, 1:12 PM EDT) -- A Hercules Offshore Inc. investor argued Friday in Texas that a shareholder say-on-pay vote rejected hefty raises for top executives in 2010 and sufficiently demonstrated that the board of directors had breached its fiduciary duties by approving the pay hikes....
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