8 Wal-Mart investors want execs’ pay clawback details

Posted: May 15, 2013 at 4:18 a.m.

Eight foreign and domestic institutional investors in Wal-Mart, mostly pension and trust funds, are asking the retail giant to report annually whether the company “clawed” back pay from senior executives found to have performed unethically in the previous year “and to describe the general circumstances of any recovery.” The measure, Proposal No. 8 — Request for Annual Report on Recoupment of Executive Pay — is aimed specifically at higher-ups who are found to have “violated company policy or committed misconduct detrimental to the company.” A clawback

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Business, Pages 25 on 05/15/2013