Jennifer Solomon, an analyst for Salomon Smith Barney, noticed the timing of the raise as she read the recently issued proxy last week.
"There's a lot of support for giving shareholders more say on executive compensation," says Patrick McGurn of Institutional Shareholder Services, a research company that issues proxy voting guidance to large shareholders.
Xerox issued the proxy late yesterday afternoon, even though it knew that its timing would be criticized, given that many people had left early for the holiday weekend.
Mr. Dimon is expected to receive some cash compensation as a bonus, but that will not be disclosed until JPMorgan issues its proxy statement in March.
A July 2012 working paper by the Rock Center for Corporate Governance found that revisions made by companies to their compensation programs in an attempt to conform to guidelines issued by proxy advisory firms actually produced a net cost to shareholders.
By issuing dozens of proxy votes, which gave anti-arms protesters the right to ask questions, CAAT easily took over a meeting that is usually held in central London.
Disney, for example, issued a new proxy form (the document describing what shareholders will vote on) that cut the size of its bosses' golden parachutes, after investors' grumbles.Experience from Britain, which introduced say-on-pay in 2002, suggests that American shareholders can expect more improvements in the responsiveness of executives.
Electricity end-user uploads scheduling information to local user agent and executes the proxy issued control commands.
Your story in this week's issue, "The Proxy Marriage," hinges on a legal technicality.
By Willing Davidson May 10 , 2012Your story in this week's issue, "The Proxy Marriage," hinges on a legal technicality.
