Shareholder revolt

What can a shareholder do if the Board pays excessive executive compensation?  He/She/They push a vote against the directors’ reelection.

“Pension Funds Decry Mylan Pay Packages,” The Wall Street Journal, May 31, 2017 B1.  Four major pension funds band together, trying to oust six directors at the troubled maker of EpiPens over the executive pay packages they approved.

Lesson: to exert shareholder power, it helps to hold a lot of shares (even tough less than 1%).  Did Mylan defraud the government in the years that led to the huge bonuses?  Is there a derivative action coming?

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Filed under Board, Controls, Directors, Duty, Governance, Investor relations, Oversight, Protect assets, Third parties

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