Watch for the Ripple Effect of Governance Changes in 2007

What Will Be the Corporate Concerns in the Coming Year?
Securities regulators, activist shareholders and hedge funds will step up the pressure for more corporate governance reforms

Tamara Loomis
Corporate Counsel
January 18, 2007

Can there be such a thing as too much information? Former Pfizer Inc CEO Henry “Hank” McKinnell would probably say yes. In the past, Pfizer usually devoted about 10 pages in its annual proxy statement to the compensation of its top executives. But in its most recent statement, released in February, the New York-based drug giant included a 23-page report about its officers’ pay packages. One detail that had never been stated so clearly before: McKinnell had an $83 million retirement plan.


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