Wednesday, June 6, 2007

Countrywide urges no shareholder voice on exec pay

(Reuters) - Shareholders have rejected similar "say-on-pay" proposals
for dozens of public companies this year, though a proposal
barely passed at phone company Verizon Communications Inc.
.




In a U.S. Securities and Exchange Commission filing,
Countrywide said it has generated shareholder returns of 340
percent over five years and 561 percent over 10 years,
suggesting it should not be "singled out" with a say-on-pay
proposal.


Read more at Reuters.com Bonds News

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