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Jacobs struck down by say on pay

Comments (0) | 1 Feb 2011 | Rating Rating (-1 to +1): 0.0

| Print by Brad Allen

Shareholders have their say on pay post-Dodd-Frank – and give engineering company the thumbs down

It didn’t take long for shareholders to show their dissatisfaction on executive pay practices through the newly required say-on-pay advisory vote under Dodd-Frank.

Jacobs Engineering’s January 27 annual meeting saw the management’s compensation proposal draw a 53.7 percent negative vote. Support for the proposal drew 44 ...

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