Saturday, May 23, 2009

My Way News - ALL BUSINESS: Investors still support CEO pay

My Way News - ALL BUSINESS: Investors still support CEO pay: "n the United States, this slow process is just beginning. It's true that investors at more companies are voting in support of putting a shareholder vote on executive pay on corporate ballots. But that's just the first step before a vote on the pay plan can take place.

The number of shareholder proposals asking for a nonbinding investor vote on executive pay has doubled since 2007 to more than 100 this year, according to data from the American Federation of State, County and Municipal Employees, or AFSCME, a Washington-based labor group representing government workers."

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