Shareholders OK Dow CEOÂ?s $21.3M Pay Deal 5-12-2011 - WNEM TV 5

Shareholders OK Dow CEOÂ?s $21.3M Pay Deal 5-12-2011

Dow Chemical shareholders have approved a pay package for CEO Andrew Liveris during a shareholder meeting.
Reuters reported that shareholders overwhelmingly supported a $21.3 million pay package for the CEO during the Thursday meeting.
Liveris had been under shareholder pressure in 2009 after the recession hit as Dow worked to digest its expensive takeover of Rohm & Haas.
Reuters said 87 percent of votes cast were in favor of the package for Liveris and other executives at the Midland-based chemical company, which is the largest chemical maker in the U.S.
Liveris told the shareholder audience via Internet broadcast that Dow was “on the right trajectory for future growth.”
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