1. Executive Pay Rejection Shows ConocoPhillips Still Has Work to Do

    Executive Pay Rejection Shows ConocoPhillips Still Has Work to Do

    A majority of ConocoPhillips ( COP ) investors voted against an executive compensation plan outlined by the company in a virtual shareholders' meeting Tuesday-- a move that could put pressure on ConocoPhillips to execute on its broader initiatives in the coming months, including further asset sales...

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    1. The human resources and compensation committee and the board will take into account the outcome of the vote when considering future executive compensation arrangements.
    2. We're disappointed the proposal didn't pass.
    3. It is clear that investors are displeased that in the same year the company slashed its dividend by nearly two-thirds, its five named executive officers received more than $33 million in stock and option awards as well as incentive pay.
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