Disney Shareholders Defeat Say-On-Pay Proposal

[kimmychad]

shareholders rejected a chance to have an advisory vote on top execs pay, not sure why they wouldn't want a say in how much Iger and his top execs make.

you would think shareholders would jump at the chance to cut back on Igers $30 million he made last year.



http://www.latimes.com/entertainment/news/la-fi-cotown-dismeet11-2009mar11,0,6423852.story

 

[JWG]

Was that the result of a "proxy" vote? Was the proxy vote a vote against?

Most shareholders will vote via the proxy just going with the flow.

 

[DoctorPrius]

yea its BS. Now Iger can take it easy and roll in the dough while "delegting" important tasks to folks like Jay Rasolu

 

[TheTexasKid]

These are becoming common at shareholder meetings. As a member of an investment club, while we do not own any Disney stock yet, we do own stock in Target, and in the information that they sent out to the shareholders, who want to vote, but cannot attend the meeting, there was one of these say-on-pay proposals, too. And the company's board's response is common, too. As in Disney's case, the present Target board response was to vote no on the proposal.

 

[JoeMcCann]

Proxy vote

Funny, I received nothing in the mail on this subject and I am a shareholder.