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/PRNewswire/ All across the globe, there is growing concern and increased environmental R&D devoted to the sewage, garbage and waste water problems that are.
Republic shareholders reject ESG-linked pay proposal while industry sees another year of rising CEO compensation
A recent Teamsters-backed effort to tie executive compensation to environmental performance was unsuccessful. Meanwhile, the pay gap between solid waste CEOs and median employees continues to widen. Published May 25, 2021 Courtesy of Republic Services
As pay for the solid waste industry s top CEOs continued to grow in 2020, shareholders at Republic Services recently voted against efforts to change the company s executive compensation plans.
Amid an otherwise uneventful season of shareholder meetings for the industry s publicly traded companies so far, Republic encountered two notable efforts by the International Brotherhood of Teamsters at its annual shareholder meeting last week.
Operator
Good day and welcome to the Republic Services First Quarter 2021 Investor Conference Call. Republic Services is traded on the New York Stock Exchange under the symbol RSG. All participants in today s call will be in listen-only mode. [Operator Instructions] Please not, this event is being recorded.
I would now like to turn the conference over to Stacey Mathews, Vice President of Investor Relations.
Stacey Mathews
Vice President of Investor Relations
I would like to welcome everyone to Republic Services first quarter 2021 conference call. Don Slager, our CEO; Jon Vander Ark, our President and Incoming CEO; and Brian DelGhiaccio, our CFO are joining me as we discuss our performance.
The long-anticipated acquisition of Santek Waste Disposal was completed on May 5, Republic Services announced at its Q1 earnings call.
The transaction of the Tennessee-based company was first announced in March 2020, but a round of divestitures needed to be completed before the purchase was solidified.
CEO Don Slager provided financial results for the last time, as Republic President Jon Vander Ark prepares to take over beginning June 25, 2021. I am more than proud of what this team has accomplished over the last decade, Slager said. And I m extremely confident and how we are positioned to go forward from here. Now I could give you a long list of accomplishments, and important milestones that we have achieved, and frankly surpassed, I can go on and on about the foundation we have built.