McKesson Executive Pay Package Plan Rejected By Shareholders

Published: Jul 27, 2017

McKesson Corp. investors opposed the company’s executive compensation plan after a public vote-no campaign by the International Brotherhood of Teamsters, which accused the drug distributor of aggravating the opioid epidemic.

Investors holding a majority of voted shares rejected the program at the company’s annual meeting Wednesday outside Dallas, the firm said Wednesday in a statement. It’s the second time the board failed to win majority support since advisory votes on pay were first held in 2011.

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