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Union Urges Shareholders to Vote Against Marathon Exec Pay

Stock Market Quotes and News

NEW YORK (Reuters) - The Teamsters Union on Monday urged shareholders of oil refiner Marathon Petroleum Corp to vote against an approval on executive compensation, arguing that the company provides outsized and unnecessary exit packages for top leaders. The union said in a letter released on Monday that shareholders should at an April 28 meeting instead vote in favor of a proposal that attempts to rein in the vesting of unearned equity following a change in control...

Mentions: stock options Teamsters Marathon Petroleum