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A 'yes' in say on pay

Shareholders failed to take advantage of their new rights to reject executive pay plans

Congress gave shareholders a new "say on pay" over executive compensation. And the returns are in: At 98.5% of companies, the answer was yes.

Of 2532 companies reporting, shareholders at 39 of them rejected executive pay plans, according to Mark Borges, a principal at executive pay consultancy Compensia. The tally, which includes Hewlett-Packard and Stanley Black & Decker, was roughly in line with expectations.

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