July 30, 2015

Rite Aid Shareholders Vote to Take Wind Out of CEO’s Golden Parachute

As noted in this Reuters article, last month, nearly 60% of Rite Aid shareholders supported a non-binding shareholder proposal at the company’s annual meeting that asks that the company to limit the CEO’s golden parachute. This is a rare case of a rebuke of a golden parachute as similar measures at other companies only garnered an average of 33% support this proxy season…