lohud.com

Sponsored by:

Business in the Burbs

Movers, shakers and newsmakers

Morgan Stanley shareholders reject compensation plan

April
8

Shareholders at the annual meeting of Morgan Stanley in Purchase yesterday rejected a proposal that called for a non-binding ratification vote by stockholders on executive pay.

About 63.2 percent of the shares represented and voting at the meeting voted against the proposal, or abstained, Morgan Stanley said. It was the second year in a row that the proposal had been rejected. It was put up by the pension plan of the American Federation of State, County and Municipal Employees.

A second resolution by Trillium Asset Management of Boston that called for Morgan Stanley to produce an annual report on how the company’s investment policies could address human rights needs was withdrawn.

A spokesman for the resolution expressed satisfaction at the meeting with actions that the investment bank had agreed to take addressing human rights.

This entry was posted on Tuesday, April 8th, 2008 at 5:16 pm by Jerry Gleeson.
You can follow any responses to this entry through the RSS 2.0 feed.
Print Print | Email Email

Advertisement

Leave a Reply

Advertisement
About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

Subscribe

Get blog updates via email:




About the Authors

Categories

Other recent entries




Links

Recently Updated LoHud Blogs
Monthly Archives



Bad Behavior has blocked 1489 access attempts in the last 7 days.