Pfizer, J&J Shareholders Vote On Say On Pay

Law360, New York (April 23, 2009, 12:00 AM EDT) -- A measure that would give shareholders a greater voice on how much executives earn at Pfizer Inc. squeaked through during its annual meeting on Wednesday, while a similar measure was struck down the same day by shareholders of Johnson & Johnson Services Inc.

Over the objection of its board of directors, 52 percent of Pfizer shareholders voted Wednesday to approve an advisory resolution that asks the board to implement a new policy giving shareholders the opportunity to vote during their annual meeting to ratify the proposed...
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