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Vermont Buyback/Comp Proposal Triumph!
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Vermont Buyback/Comp Proposal Triumph!
We wrote earlier about the Vermont Pension Investment Commission’s excellent proposal calling for Palo Alto Networks to adjust the comp’s EPS numbers to reflect buybacks. You can hit EPS numbers by increasing earnings or reducing the number of shares through buybacks. Only the former deserves compensation. We were delighted to see in Mr. Corpgov’s report that the proposal received a resounding vote in favor PLUS there was a majority no vote on t…
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