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Article: DOW JONES/WALL STREET JOURNAL UNION SEEKS SHAREHOLDER VOTE ON CEO PAY
- Article from:
- PR Newswire
- Article date:
- September 8, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 8 /PRNewswire/ -- Officers of the largest employee union at Dow Jones & Co. (NYSE: DJ), Inc., publisher of The Wall Street Journal and Barron's, have set in motion two innovative shareholder proposals to link the pay of the company's top executive to the pay of his employees.
The two proposals, submitted to Dow Jones today for inclusion in the company's 1994 proxy statement, would establish a new standard for determining the value of a corporate chief executive. They would also make Dow Jones one of the first Fortune 500 companies with a compensation system that formally unites the financial fate of average employees and a CEO. The proposals currently ...