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Proposal

(5) Eliminate or Restrict Severance Agreement (Change in Control)

Sponsor: Shareholder

Votes on this proposal

CBIS For
CalPERS For
CalPERS: CalPERS believes severance agreements that provide benefits with a total present value exceeding 2.99 should be ratified by shareowners. CalPERS is not seeking to limit severance payouts, but we do believe that shareowners should have the ability to approve payouts that exceed market standards.
Fidelity Funds (1 vote) For
Fidelity New Millennium For
Schwab Funds (1 vote) For
Schwab 1000 Index Fund For
TIAA-CREF Funds (1 vote) For
TIAA-CREF Equity Index Fund For
Vanguard Funds (1 vote) For
Vanguard Total Stock Market Index For

Focus Lists

This proposal has been included in the following Focus Lists.

Proposals sponsored by CalPERS

Published by Andy Eggers on 04/02/08

13 proposals, viewed 311 times

CalPERS files shareowner resolutions at companies that 1) have poor financial performance, 2) have weak corporate governance practices, and 3) fail to respond to other attempts at engagement. Their...

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