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
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