Microsoft Corp. (MSFT) said that its shareholders overwhelmingly approved supported the company's executive compensation practices in Microsoft's first vote on executive compensation, also known as "say on pay" at the annual shareholder meeting.
The company's shareholders elected nine directors to serve until the next annual meeting of shareholders. The shareholders also ratified the selection of Deloitte & Touche LLP as the company's independent auditor. However, two shareholder proposals related to healthcare reform and charitable contributions were turned down.
Speaking at Microsoft's annual shareholder meeting, Chief Executive Officer, Steve Ballmer, highlighted the strength of the company's execution over the past year, announced record sales figures for Windows 7, and detailed the company's plans to continue to deliver shareholder value in the long term.
For comments and feedback: editorial@rttnews.com