This certainly makes one statement that the shareholders could care less on having any say on what chief executives earn there and they also did not want to know what the company spends on lobbying either, and the message I get from this is just “give us our money (dividends)”; however you see fit. This must be an interesting group of investors that really just want their money and do not appear to share any interest in any methodologies on how things get done or see little value in how the company operates. I thought investors were kind of supposed to have an interest in where they place their money, right and in what type of company and how it is run? It used to be that way years ago, and this may be a good example of a bit of “greed” I think as the company is traded and sold on the stock exchanges on Wall Street. BD
UnitedHealth Group Inc. shareholders voted down a "say on pay" proposal at the company's annual meeting on Monday.
The proposal would have given shareholders an advisory vote on compensation granted to executives at the Minnetonka-based health insurer. Nearly 46 percent of shareholders voted for the say on pay measure, which the company's board of directors opposed.
At UnitedHealth's (NYSE: UNH) meeting, shareholders also voted down a proposal that would have required the company to disclose lobbying expenses. Only 7.3 percent of shareholders backed it.