Cognizant Technology Solutions (CTSH) is one of the stocks in my portfolio. Their annual meeting is coming up June 2. ProxyDemocracy.org had four funds voting when I looked yesterday.
Checking the Summary Compensation Table, it appears CEO/Chairman Francisco D’Souza was paid more than $11 million. Using the United States Proxy Exchange (USPX) released draft guidelines, I voted against most pay packages where the company paid more than the median $9 million last year, including this one. I also voted against Robert E. Weissman, the member of the compensation committee up for election this year and the proposal to increase authorized stock.
I voted for a pay advisory every year, instead of management’s recommended every three years but in favor of the other management proposals.
Comments are closed.