1. Mylan Board Survives Ouster Attempt, But Shareholders Reject Rich Pay Packages

    Mylan Board Survives Ouster Attempt, But Shareholders Reject Rich Pay Packages

    Mylan stockholders voted to reelect its board at the annual meeting on Thursday, rebuffing an unusual and highly public campaign from some top shareholders determined to oust many of the directors, including the chief executive officer. But the company also suffered a rebuke as its shareholders voted against a measure to approve executive compensation. That vote doesn’t force Mylan to reduce its pay packages, but most companies do try to be responsive to such votes...

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    1. The fact that the vote over executive compensation failed is unusual for a company of this size.
    2. Usually companies respond by making reforms and we certainly hope Mylan will listen to shareholders and discontinue excessive pay, but they seem to shrug off even the most well-founded criticism.
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