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Most Powerful Hollywood Lobbyists in Washington, DC

Most Powerful Hollywood Lobbyists in Washington, DC
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Polen: keine Lizenz zum Stören

A U D I T of Elections: The Bombshell Revelations Continue…

A U D I T of Elections: The Bombshell Revelations Continue…
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General Electric, AT&T Investors Reject CEO Pay Plans -- 3rd Update

By Thomas Gryta and Drew FitzGerald Shareholders at General Electric Co. and AT&T Inc. rejected the companies executive compensation plans in nonbinding votes, the latest blue-chip companies to be rebuked by investors over how they paid leaders during the pandemic. Nearly 58% of GE shares were voted against the board s compensation practices, according to an initial tally announced at the GE annual meeting Tuesday. Less than half of shares cast at AT&T s meeting last week supported the telecom and media giant s compensation plans, the company said Friday. Neither company has disclosed full tallies yet. The two widely held stocks add to a growing list of big U.S. companies that have failed to garner shareholder support for their executive compensation plans this year. Such advisory votes are nonbinding and rarely fail to win overwhelming shareholder support; but some institutional investors have used them this year to also voice their displeasure with Starbucks C

ENOUGH: AT&T Shareholders Vote Against Excessive Executive Compensation

ENOUGH: AT&T Shareholders Vote Against Excessive Executive Compensation Posted on 05/01/2021 Shareholders of near-U.S.-telecom monopoly AT&T Inc. voted against the company’s executive officer compensation plan. Only 49% of the votes were in favor of AT&T’s executive compensation plan. This is according to preliminary voting results from the AT&T’s annual meeting. In 2020, AT&T awarded a US$ 52.2 million pay package to Jason Kilar, the head of its WarnerMedia division (Warner Media, LLC), with US$ 49 million taking the form of stock awards vesting over a four-year period. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content in various physical and digital formats globally. Jason Kilar joined AT&T in May 2020 and was the best-paid AT&T executive for 2020. In comparison, AT&T Chief Executive Officer John Stankey received US$ 21 million in reported compensation. Kilar is the founding CEO of Hulu.

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