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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Tuesday, April 10, 2007
Goodyear Tire & Rubber Co. (NYSE:GT) said today that shareholder resolutions that sought new limits on executive compensation and retirement benefits as well as the adoption of a simple majority vote standard were defeated at the annual meeting. The compensation proposal would have permitted bonus awards to senior executives only when the company's performance exceeded the median of its peer groups. Meanwhile, the retirement benefits proposal had sought to exclude bonus pay from covered compensation under the company's cupplemental executive retirement plan. While Goodyear management had opposed the measures, many shareholders thought that they would still be passed; however, this time larger shareholders vetoed the proposals.

Tuesday, April 10, 2007 10:03:56 PM UTC  #    Comments [0]  |  Trackback