Table: A Losing Game

Companies frequently ignore majority votes on shareholder proposals year after year, citing bylaws that require a supermajority of all shares outstanding.

NO. OF TIMES MOST COMPANY PROPOSAL APPROVED* RECENT TALLY*

BRISTOL-MYERS Eliminate "staggered" 6 69.0% SQUIBB board elections

EDS Require shareholder 3 69.1% vote for poison pill

MAYTAG Eliminate super- 2 59.3% majority voting

Data: Council of Institutional Investors, company filings

* Data is for shares voted

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE