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Twelve Additional Companies Fail Say on Pay

Twelve Additional Companies Fail Say on PayZoom inDownload PDF

1,785 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 72:1, and the median of median employee compensation is $63,967. To date, 1,067 Russell 3000 companies have held Say on Pay votes and twelve additional companies have failed since our last report – Chesapeake Energy, Chicago Bridge & Iron, FCB Financial, Halliburton, Huron Consulting Group, iStar, Molina Healthcare, Mondelez International, Tanger Factory Outlet Centers, USG Corp., Virtus Investments Partners, and Waterstone Financial. The current failure rate (2.2%) is 70 basis points higher than last year’s failure rate. Three environmental (13.6%) and four social (7.5%) proposals have received greater than 50% support in 2018. By comparison, only seven environmental (2.0%) and nine social (1.0%) proposals passed over the previous seven years combined.