Union Confronts Toll Brothers Over Executive Pay

Law360, New York (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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.