Near the end of March, I posted an article, Alarm Bells at Waddell & Reed. As I noted, shareowners of Waddell & Reed Financial Inc. would soon receive a troubling letter from CEO Henry Herrmann in advance of the company’s April 7 annual meeting claiming that giving shareowners an advisory vote on his compensation could […]
Tag Archives | Waddell & Reed
Alarm Bells at Waddell & Reed
James McRitchie, 03/26/2010 ,
Shareowners of Waddell & Reed Financial Inc. will soon receive a troubling letter from CEO Henry Herrmann in advance of the company’s April 7 annual meeting. In a special solicitation filed alongside the company’s proxy statement, Mr. Herrmann claims in bold print that giving shareowners an advisory vote on his compensation and that of other […]