Best Buy's executive comp proposal

  • Updated: June 21, 2012 - 9:37 PM

 

At Best Buy's annual meeting, shareholders rebuked management by voting against the non-binding advisory "Say on Pay" proposal on executive compensation. There were 100,145,657 votes for and 161,332,702 votes against. A shareholder advisory firm, ISS, had recommended that Best Buy shareholders vote against the proposal mainly in response to the severance package given to former CEO Brian Dunn.

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