Verizon close to passing rule on exec pay

Iria · May 5, 2007, 04:05 PM

Source: News.com
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Verizon Communications may become the first U.S. company where a controversial "say on pay" resolution has been adopted by investors, depending on the final outcome of a close vote on Thursday.

At the telecommunications groups' annual meeting, a "say on pay" resolution filed by investors won nearly 50 percent of the votes and the company said the result was too close to call.

May 5, 2007, 04:05 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Verizon close to passing rule on exec pay Source: News.com ________ Verizon Communications may become the first U.S. company where a controversial "say on pay" resolution has been adopted by investors, depending on the final outcome of a close vote on Thursday. At the telecommunications groups' annual meeting, a "say on pay" resolution filed by investors won nearly 50 percent of the votes and the company said the result was too close to call.