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Say on pay     27-Mar-09 10:32 pm    
Does anyone have any thoughts on the "Say on pay" proposal on the annual meeting ballot?

I like it, and I wonder why management is so afraid of it. After all, it's non-binding, and a lot other companies have passed say on pay and are doing just fine.

Management's main argument against it seems to be that a "say on pay" vote would allow shareholders to give management a vote of no confidence without explaining why, and that this somehow obstructs communication between shareholders and management. Instead, they argue that under the current set-up shareholders can contact management directly when they have concerns. I have read the proposal though, and I can't find where it says that investor relations has to stop answering the phone when say on pay is passed. Management's argument just doesn't hold water.

As a shareholder (and therefore part-owner), I am not sure I would vote against executive pay packages at WDR. I would like to know I have a voice in the process though, even if it is only advisory.
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rt10601


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  Subject Author Rating Time of Post (ET)  
 
Say on pay
rt10601 (1 Rating) 27-Mar-09 10:32 pm  
 
Sounds resonable to me you are spot on right! ...
cashdoc8 Rate it 3-Apr-09 01:20 pm  
 
Because it more than likely centers around a ...
falkrik_495... Rate it 15-Apr-09 01:21 pm  
 
To true! Doc
cashdoc8 Rate it 20-Apr-09 03:35 pm  
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