Wednesday, June 6, 2007

Ingersoll-Rand shareholders approve vote on pay

(Reuters) - The company said its next step would be to hold a meeting with its top 20 shareholders, who hold about half its outstanding shares to see how they wanted to proceed.




"We recognize that this issue has gained greater attention, particularly as a result of legislative activity in Congress," said Herb Henkel, chairman and chief executive, in a statement. He said the company welcomes "direct communication with shareholders about their specific concerns and suggestions."


Read more at Reuters.com Business News

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