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'Say-on-pay" proposals

Last update: March 9, 2008 - 4:22 PM

'SAY-ON-PAY' PROPOSALS

More than 90 public companies have been targeted by the Interfaith Center on Corporate Responsibility and the American Federation of State, County and Municipal Employees Pension Plan to include "say-on-pay" shareholder proposals in their 2008 proxy statements. The nonbinding proposals seek to highlight the "perceived misalignment" between CEO pay and company performance, proponents say. The companies include:

• 3M Co.

• Anheuser-Busch

• Boeing

• Burlington Northern Santa Fe

• Coca-Cola

• Comcast

• Countrywide Financial

• General Electric

• Home Depot

• Honeywell

• IBM

• Merrill Lynch

• U.S. Bancorp

• UnitedHealth Group Inc.

• Wal-Mart Stores Inc.

• Wells Fargo & Co.

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