1. Two Leading Advisory Firms Urge Vertex Shareholders to Reject Executive Pay Packages

    Two Leading Advisory Firms Urge Vertex Shareholders to Reject Executive Pay Packages

    Two leading advisory firms are recommending shareholders vote against executive pay packages at Vertex Pharmaceuticals Inc., calling aspects of last year’s compensation at the Boston biotech company “excessive” and “exorbitant.” The two firms that advise large shareholders how to vote on questions presented at company annual meetings were particularly critical of $29 million in one-time retention bonuses awarded to Vertex’s top five executives last year...

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