The Shareholder ForumTM


"Say on Pay" Proposals

Forum Home Page

"Say on Pay" Home Page

Program Reference


For the company's announcement of the action reported below, see


Associated Press, October 13, 2009 article


Prudential board approves Say on Pay for holders

Life insurance seller Prudential gives shareholders Say on Pay vote on compensation

On 5:55 pm EDT, Tuesday October 13, 2009

NEWARK, N.J. (AP) -- Prudential Financial Inc. said Tuesday its board has approved giving shareholders an advisory vote on executive compensation, a so-called Say on Pay, that many companies have adopted in the face of criticism of soaring executive pay.

Shareholders of Newark, N.J.-based Prudential will get to vote every other year on the compensation policies set by the board committee that decides how to pay executives.

Prudential follows other companies that have approved similar Say on Pay voting power for shareholders. The Obama administration has proposed requiring it at all public companies.

Prudential sells life insurance and manages assets for investors, as well as other services.

Its shares rose 30 cents to $50.11 in aftermarket trading after closing Tuesday at $49.81, up 2 percent from the previous day's close.


Copyright © 2009 The Associated Press. All rights reserved.




This Forum program is open, free of charge, to anyone concerned with investor interests relating to shareholder advisory voting on executive compensation, referred to by activists as "Say on Pay." As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was supported by Sibson Consulting to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of performance leadership relating to the issues being addressed.

Inquiries about this Forum program and requests to be included in its distribution list may be addressed to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.