STAT+: AmerisourceBergen say-on-pay proposal squeaks by amid outrage over CEO compensation

In a rebuke to AmerisourceBergen (ABC), nearly half of its shareholders voted against a “say-on-pay” proposal after criticism erupted over the hefty compensation package given its chief executive officer and the role the company played in the opioid crisis.

Specifically, 48% of the stockholders rejected the compensation given to CEO Steve Collis and his management team, an outcome that suggests the company misjudged investor sentiment about the pay packages. However, when excluding shares held by Walgreen Boots Alliance, which owns 27.7% of AmerisourceBergen stock, 72% of independent shareholders rejected executive pay.

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STAT+: AmerisourceBergen say-on-pay proposal squeaks by amid outrage over CEO compensation

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