Healthways stock plan squeaks by (passes by .35%): Post Business: Business News and Views for Nashville, By Geert De Lombaerde, Healthways stock plan squeaks by By Geert De Lombaerde Posted on June 4, 2010
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The voting at public companies’ annual shareholders’ meetings is very
often a foregone conclusion with the only suspense centered on if the
motions supported by the board will get more than 90 percent of the
vote.
That was not the case at the recent Healthways meeting. Yes, the
three board candidates — including CEO Ben Leedle — were comfortably
elected and everybody seems to love Ernst & Young’s work. But when
it came time to vote on boosting the number of shares in the wellness
company’s incentive plan, many a shareholder balked. When the tallying
had wrapped, the motion had passed by just 0.35 percent.
It probably boils down to this.
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