Category Archives: Compensation Committee Hans Becherer consultant Ira T.

No Schering Director Received as Few Votes for his Re-Election as Hans Becherer in 2008. . . .

We also learn — almost comically — from Schering’s recently filed Form 10-Q, that the Chairman of the Compensation Committee of Schering-Plough’s Board of Directors received the fewest votes for retention — of any director:

. . . .Hans W. Becherer received 1,364,103,512 votes for his election (93.93% of shares voted) and 88,086,331 votes were withheld (6.07% of shares voted). . . .

For his part, CEO Fred Hassan received 1,417,219,453 votes for his election (97.59% of shares voted) and 34,970,390 votes were withheld (2.41% of shares voted).

We wonder if this, or this had anything to do with Mr. Becherer’s relatively-poor showing.

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