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Union Confronts Toll Brothers Over Executive Pay

Law360 (February 22, 2007, 12:00 AM EST) -- A labor union that owns over 70,000 shares of Toll Brothers Inc. is protesting CEO Robert Toll’s massive compensation package by urging its fellow stockholders to withhold their votes from a board member up for re-election.

In a letter dated Feb. 16, the Laborers’ International Union of North America said Toll Brothers would push for the reelection of Carl B. Marbach, the chairman of the luxury home builder’s executive compensation committee, at the March 14 shareholder meeting. But the union said it would withhold its vote...
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