At Johnson & Johnson’s annual meeting on Thursday, shareholders voted, on an advisory basis, to approve the compensation package being awarded to the company’s chief executive.
Some investors had expressed unhappiness with the $30-million-plus being awarded to William C. Weldon, Johnson & Johnson’s chief executive, after a challenging year for the health care giant.
As we reported in an article on Wednesday, Mr. Weldon’s pay and performance have been criticized in light of the company’s struggles to resolve the manufacturing issues at its McNeil Consumer Healthcare unit.
If you’re interested in finding out more about what happened at the meeting, you can check out the company’s blog, which offers results of all the shareholder votes and some of the highlights of the meeting.
Friday, April 29, 2011
Shareholders Give Thumbs Up to J&J Executive Pay - NYTimes.com
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