ISS has recommended shareholders support this year’s Say-on-Pay proposal at Apple $AAPL after last year’s recommended vote against. Tim Cook requested his target total comp be reduced 40% from ‘22 target.
#CorpGov #ExecPay #CEOpay
https://www.reuters.com/technology/iss-urges-apple-shareholders-vote-ceo-tim-cook-other-execs-pay-packages-2023-02-18/

With almost 62% support, the shareholder proposal requiring prior shareholder approval of termination payments > 2.99x salary at Becton, Dickinson’s AGM passes $BDX #CorpGov #ExecPay #CEOpay

https://www.sec.gov/Archives/edgar/data/10795/0000010795-23-000015-index.html

“On January 24, 2023, [AIG] terminated Mark D. Lyons from his position as Interim [CFO], Global Chief Actuary and Head of Portfolio Management of the Company, after [AIG] became aware that he violated his confidentiality/non-disclosure obligations...”
“In recognition of [his] contributions… the Company has agreed to pay Mr. Lyons an aggregate cash amount of $7.5 million”
#CorpGov #ExecPay
https://www.sec.gov/ix?doc=/Archives/edgar/data/5272/000095010323001387/dp187861_8k.htm

Apple released their 2023 proxy today: “Mr. Cook’s 2023 target total compensation is $49 million, a reduction of over 40% from his 2022 target total compensation” in response to last year’s ~64% Say-on-Pay vote
#CorpGov #ExecPay #CEOpay $AAPL https://www.sec.gov/Archives/edgar/data/320193/000130817923000019/laap2023_def14a.htm

Shareholders reject $UNFI's restated equity incentive plan #CorpGov #ExecPay #CEOpay

https://www.sec.gov/Archives/edgar/data/1020859/0001020859-23-000002-index.html

Annual salary of $1.3m. Former USFD CEO had only just eclipsed the $1m mark last FY. Flitman was making $1.05 at BLDR #ExecPay #CEOpay

Sysco $SYY shareholder meeting results:
- 36% opposition to Say-on-Pay
- #plastic packaging shareholder proposal = 92% support (although, to be expected as board made no rec and noted they would substantially implement the proposal)
#CorpGov #ExecPay #CEOpay #ESG

4 (former) top #Twitter executives to receive ~$141 Million golden parachutes #CorpGov #ExecPay #CEOpay $TWTR https://www.forbes.com/sites/brianbushard/2022/10/28/twitters-golden-parachutes-fired-twitter-execs-may-receive-141-million-reports-say/

Christopher Viehbacher named CEO of Biogen, starting Monday. Founded the Cambridge-based life sciences PE firm Gurnet Point Capital in 2015. Base salary of $1.6m, $16.8m in PSUs (grant date target value) $BIIB #CorpGov #ExecPay #CEOpay

#Introduction Hi, tooters(?) – here to contribute to and consume info/data on #CorpGov #ProxySeason #ProxyVoting #ExecPay #CEOpay #ESG #Susty #Sustainability #NetZero #ClimateAction #Climate #Energy #Power #energytransition