Utility Workers Union of America Local 369 has submitted a shareholder reform proposal for the Company’s 2009 annual meeting. We expect this proposal to be included in the Company’s proxy statement for a shareholder vote at the meeting. The Union’s proposal calls for an advisory shareholder vote at every annual meeting to ratify the compensation [...]
RESOLVED, that the shareholders of Entergy urge the Board of Directors to adopt a policy that the shareholders be given an opportunity at each annual meeting to vote on an advisory resolution, to be proposed by Entergy management, to ratify the compensation of the named executive officers as set forth in the summary compensation table [...]
We believe executive compensation at Entergy has become not merely excessive, but a significant failure of corporate governance. During 2007, the Board awarded CEO Wayne Leonard $26.2 million in total compensation – an astonishing 77% increase over an already generous compensation package of $14.8 million the previous year. This was significantly higher than top executive [...]
What would this proposal do? This proposal urges Entergy’s board of directors to adopt a policy that would allow the Company’s shareholders to vote at each annual meeting on an advisory resolution to ratify the compensation of the “named executive officers,” as set forth in the summary compensation table included in the proxy statement. This [...]
AN ANALYSIS OF TOTAL 2007 COMPENSATION FOR CEO WAYNE LEONARD AND OTHER TOP ENTERGY EXECUTIVES According to Entergy’s 2008 proxy statement, the Board of Directors awarded CEO Wayne Leonard total compensation worth $26.2 million during 2007. This amounted to an increase of more than 77% over Leonard’s total compensation of $14.8 million in 2006. Leonard’s [...]
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