1. Articles from Pharmalot

    1-4 of 4
    1. AmerisourceBergen Say-on-Pay Proposal Squeaks by Amid Outrage Over CEO Compensation

      AmerisourceBergen Say-on-Pay Proposal Squeaks by Amid Outrage Over CEO Compensation

      In a rebuke to AmerisourceBergen ( ABC ), nearly half of its shareholders voted against a “say-on-pay” proposal after criticism erupted over the hefty compensation package given its chief executive officer and the role the company played in the opioid crisis. Specifically, 48% of the stockholders rejected the compensation given to CEO Steve Collis and his management team, an outcome that suggests the company misjudged investor sentiment about the pay packages...

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    2. Pension Funds Push for Mylan to Remove Chairman and a director

      Pension Funds Push for Mylan to Remove Chairman and a director

      After Mylan shareholders last week rebuked the drug maker by voting against executive compensation, three large pension funds are now calling for Mylan to remove its non-executive chairman and a director in hopes of restoring confidence in the beleaguered board. In explaining their reasoning, the funds pointed to an “astounding” 83.5 percent of shareholders who did not support executive pay, including a controversial, $97 million package given to non-executive chairman Robert Coury...

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    3. 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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    1-4 of 4
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