J&J Executives Get Salary Raises, But Only After Shareholders’ ‘Vote No’ Campaign

© Reuters.

© Reuters. The Johnson & Johnson company logo is displayed to celebrate the 75th anniversary of the company’s listing on the New York Stock Exchange in New York.

By Jessica DiNapoli and Ross Kerber NEW YORK (Reuters) – Approximately 57% of investor votes endorsed the salary of executives at healthcare company Johnson & Johnson (NYSE 🙂 for 2020, a low level of support for a proposal that most shareholders usually approve. The scant support, excluding abstentions, for the non-binding proposal comes after the Illinois State Treasurer’s Office urged other shareholders to vote “No” on the company’s salary practices, that is, because J&J set aside certain litigation costs when calculating executive compensation. even from the US opioid epidemic Representative consultants Glass Lewis and Institutional Shareholder Services Inc also advised against J&J pay.

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