Happy Birthday! Say On Pay Turns 2

For the past two years shareholders have had the ability to vote on executive pay. And although only about 2 percent of executive compensation packages have received a no vote, it appears that there have been changes in those companies that have received a no vote. For example, HP's new CEO, Meg Whitman, has a $1 salary, with much of her pay package based on the company's stock performance. This is the result of the backlash against the former CEO. One factor that does appear to increase the chance of a no vote is poor stock performance over the previous five years. http://www.businessweek.com/articles/2012-06-07/say-on-pay-boards-listen-when-shareholders-speak