Microsoft general counsel Brad Smith conducted the brief business end of the company’s annual meeting in Bellevue. No surprises, but a lingering question about how much support the executive pay package received:
- The slate of board nominees was approved by more than 90% of votes.
- The symbolic vote on executive pay — which Institutional Shareholder Services recommended investors vote down — was approved by “a majority” of votes, Smith said. These votes in tech recently have been approved by 88% of shareholders, and Microsoft’s last year garnered 95% approval (including abstentions).
- The only shareholder proposal, which would have widened the scope of investor board nominations, was voted down.
Here’s a feed of my Tweets from the event (it may take a minute to load):