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Proxy Vote Update: AT&T Inc. | Results | rebel Financial

Proxy Vote Update: AT&T Inc.

Below are the resources for and the results of our recent Proxy Vote on behalf of our clients:
Proxy Materials: rF Proxy Vote results:
  1. Vote for the election of of the following nominees:
    1. Randall L Stephenson – Against (Conflict of Interest).
    2. Scott T Ford – Against (Lack of oversight on approving/proposing compensation package).
    3. Glenn H Hutchins – For
    4. William E Kennard – For
    5. Jon C Madonna – For
    6. Michael B MacCallister – For
    7. John B McCoy – Against (Lack of oversight on approving/proposing compensation package).
    8. Beth E Mooney – For
    9. Joyce M Roch`e – Against (Lack of oversight on approving/proposing compensation package).
    10. Matthew K Rose – Against (Lack of oversight on approving/proposing compensation package).
    11. Cynthia B Taylor – For
    12. Laura D’Andrea Tyson – For
  2. Ratification of appointment of independent auditors:  For
  3. Advisory approval of executive compensation:  Against (Awards are enormously excessive).
    1. Compensation was ~$24,000,000-$6,000,000 for executive officers. There is almost no way to justify fleecing shareholders to this amount regardless of performance; not to mention that AT&T is at best a median performer the last 10-20yrs.  This is why we voted against any board member that was on the compensation committee – inexcusable.
  4. Political spending report – For
  5. Lobbying report – For
  6. Special meetings – For

This article was written for information purposes only and its content should not be construed by any consumer and/or prospective client as rebel Financial’s solicitation to affect, or attempt to affect transactions in securities, or the rendering of personalized investment advice for compensation. No client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from rebel Financial, or from any other investment professional. See our disclosures page for more information.

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