Dan Walter, Performensation
proxy season and Say on Pay is once again on the minds of anyone involved in
executive compensation. As of this past week, about 170 companies have reported
their results and less than 2% have failed. When we are at the end of this
season, it looks like it will be somewhere south of 3% failures, about where we
were the past two years. Let’s start with the positive, what I like to call the
97% rule. 97 out of every 100 companies have executive compensation practices
that meet or exceed the desires of their shareholders.