Most Tech Cos. Say No To Say On Pay: Survey

Law360, New York (February 17, 2009, 12:00 AM EST) -- As the push to introduce so-called say-on-pay legislation gains momentum, a new survey reveals an increasing majority of leading U.S. technology companies do not give shareholders a vote on compensation for top executives.

The survey of company chief financial officers, commissioned by accounting and consulting firm BDO Seidman LLP, reveals that 89 percent of major tech businesses do not have say-on-pay provisions in their executive compensation plans for 2009, up from 69 percent last year. And of the 100 CFOs quizzed in the survey, just one-third...
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