Sunday, May 5, 2013

Executive Compensation Proxy Conflict Deepens


Get this.  Last year Gentiva's top management experienced the wrath of shareholders on executive compensation.  The fight appears to have escalated with proxy firms recommending a second "No" vote on Gentiva's executive pay and "No votes" for three members of the Compensation Committee.

Gentiva Chairman Rod Windley sent a letter to shareholders explaining the company's position on the matter.  The company's actions during the last year did not resolve the conflict

In the spring of 2012, the Company was surprised by the position taken by the proxy advisory firms and conducted a substantial program of shareholder outreach. Prior to the 2012 annual meeting, the Company contacted the holders of 82% of all outstanding shares and had one-on-one discussions with approximately 68% of the holders of its stock.

For leaders fluent in the language of business, why are they unable to get their points across?  Gentiva's annual meeting is May 9th.   We'll find out about the success of the company's shareholder outreach program.


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