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General Electric, AT&T Investors Reject CEO Pay Plans – The Wall Street Journal

Majority of shareholder votes are cast against compensation plans for GE’s Larry Culp and AT&T’s John Stankey

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Shareholders at General Electric Co. and AT&T Inc. rejected the companies executive compensation plans in nonbinding votes, the latest blue-chip companies to be rebuked by investors over how they paid leaders during the pandemic.
Nearly 58% of GE shares were voted against the boards compensation practices, according to an initial tally announced at the GE annual meeting Tuesday. Less than half of shares cast at AT&Ts meeting last week supported the telecom and media giants compensation plans, the…

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