EMC is one of the stocks in my portfolio. Their annual meeting is coming up May 4. Today is the last day to vote on the MoxyVote.com platform.
ProxyDemocracy.org had three funds voting, covering all the issues. MoxyVote.com has eight advisors or compilations of advisors offering opinions. This time, several are comprehensive. I voted on the MoxyVote.com platform and went mostly with management and Florida SBA. However, I did vote against the executive compensation package because last year’s CD&A showed it was well over the mean. As I’ve discussed before (Just How Clever Are Directors on Pay Issue?), high executive pay is problematic to both the corporation and society for many reasons. I’ve decided, at least for now, the best way to counter the “Lake Wobegone effect” of pay ratcheting ever higher is to vote down almost all packages above the mean. That’s what I’ve done at EMC.
|ELECTION OF DIRECTOR: MICHAEL W. BROWN|
|ELECTION OF DIRECTOR: RANDOLPH L. COWEN|
|ELECTION OF DIRECTOR: MICHAEL J. CRONIN|
|ELECTION OF DIRECTOR: GAIL DEEGAN|
|ELECTION OF DIRECTOR: JAMES S. DISTASIO|
|ELECTION OF DIRECTOR: JOHN R. EGAN|
|ELECTION OF DIRECTOR: EDMUND F. KELLY|
|ELECTION OF DIRECTOR: WINDLE B. PRIEM|
|ELECTION OF DIRECTOR: PAUL SAGAN|
|ELECTION OF DIRECTOR: DAVID N. STROHM|
|ELECTION OF DIRECTOR: JOSEPH M. TUCCI|
|RATIFICATION OF THE SELECTION BY THE AUDIT COMMITTEE OF PRICEWATERHOUSECOOPERS LLP AS EMC S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2011, AS DESCRIBED IN EMC S PROXY STATEMENT.|
|APPROVAL OF THE EMC CORPORATION AMENDED AND RESTATED 2003 STOCK PLAN, AS DESCRIBED IN EMC S PROXY STATEMENT.|
|APPROVAL OF AN AMENDMENT TO EMC S BYLAWS TO REDUCE THE PERCENTAGE OF SHARES REQUIRED FOR SHAREHOLDERS TO CALL A SPECIAL MEETING OF SHAREHOLDERS, AS DESCRIBED IN EMC S PROXY STATEMENT.|
|ADVISORY VOTE ON EXECUTIVE COMPENSATION, AS DESCRIBED IN EMC S PROXY STATEMENT.|
|ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION, AS DESCRIBED IN EMC S PROXY STATEMENT.|
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