Subject category:
Human Resource Management / Organisational Behaviour
Published by:
Harvard Business Publishing
Version: 19 September 2011
Length: 24 pages
Data source: Published sources
Abstract
When ISS, a large shareholder advisory group, recommended a ‘no’ vote on Jeff Immelt's award of 2 million stock options in April 2011, GE's compensation committee had to decide whether to rescind or amend the award or ignore the ISS recommendation. Was Immelt's 2010 pay in line with his performance? How would shareholders vote on the advisory ‘say on pay’ ballot question at GE's annual meeting in April?
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Abstract
When ISS, a large shareholder advisory group, recommended a ‘no’ vote on Jeff Immelt's award of 2 million stock options in April 2011, GE's compensation committee had to decide whether to rescind or amend the award or ignore the ISS recommendation. Was Immelt's 2010 pay in line with his performance? How would shareholders vote on the advisory ‘say on pay’ ballot question at GE's annual meeting in April?