<\/p>\n
A majority of EA’s shareholders have voted against EA’s proposed compensation package for its top executives.<\/p>\n
<\/span><\/p>\n Early in July, the CtW Investment Group, one of EA’s pro-labour shareholders, urged investors to vote against the Say on Pay proposal<\/a>. Had it passed, the proposal would have given EA complete control over how well it compensates its top executives outside of their salaries.<\/p>\n The annual shareholder meeting in question took place last Thursday, August 6, and CtW’s argument has seemingly worked, convincing 68% of shareholders to reject the executive pay proposal. Over 171 million votes were cast against it, compared to 59.6 million in favour according to regulatory SEC financial filing<\/a> made the same week.<\/p>\n Although the idea to vote against was proposed by CtW, other investor groups such as Institutional Shareholder Services Inc., Glass Lewis & Co., the California Public Employees’ Retirement System and several others agreed, hence the overwhelming result.<\/p>\n