The upcoming proxy season will be rife with proposals for “say on pay” measures, according to the Boston Globe. Approximately 100 proxy ballots will contain say on pay proposals, including at Walt Disney, EMC, Raytheon, and CVS-Caremark.
“Citizens are more concerned about executive compensation than they have ever been and there’s tremendous outrage,” says Tim Smith of Walden Asset Management. “The say-on-pay request originated before the populist outrage was as hot and focused as it is now. Certainly, shareholder votes will build on that.”