Saturday, April 21, 2007

Say on Pay

House approves "say on pay" for shareholders (Reuters)

U.S. Capitol in Washington is seen in this file photo taken on January 23, 2007. A vote is expected on Friday in the U.S. House of Representatives on a bill that would let shareholders cast non-binding ballots on corporate executive pay levels, a measure opposed by the Bush administration and most Republicans. (Jim Bourg/Reuters)Reuters - The U.S. House of Representatives approved a bill on Friday to give shareholders the right to cast nonbinding votes on the pay of top company executives, handing investor advocates a win over the business community and defying the Bush administration.


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