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HCA shareholders reject two union-backed proposals at annual meeting

HCA shareholders reject two union-backed proposals at annual meeting HCA HCA Healthcare s shareholders shot down two union-backed proposals at the investor-owned company s recent annual meeting, one that would have made quality a bigger factor in executive pay and another to oust a director. The owners of 9.2% of Nashville-based HCA s common stock representing just shy of 28.5 million shares out of 308.3 million total shares voted in favor of a bid to study the feasibility of increasing the impact of quality performance on executive compensation. The measure would have needed yes votes from owners of more than 50% of shares to pass. The owners of 85% of shares voted against the quality measure, which was put forth by a trust fund that provides death benefits to members of the International Brotherhood of Teamsters.

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