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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.