Roughly half of Halliburton’s shareholders vote in opposition to govt compensation plan By Reuters


© Reuters. FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. Could 18, 2017. REUTERS/Daniel Kramer/File Picture

By Liz Hampton

DENVER (Reuters) -Greater than half of Halliburton (NYSE:)’s shareholders voted in opposition to its proposed govt compensation plan this week, in line with a submitting printed on Friday, marking a pointy reversal from final 12 months, when the proposal acquired 91% approval.

Shareholders rejected an advisory vote on the corporate’s proposed govt compensation plan by roughly 53%, and about 46% mentioned they authorized. The corporate doesn’t should adjust to the result of the vote.

Chief Government Officer Jeff Miller this week mentioned he was “upset” with the result and that the corporate had led friends in shareholder returns. Shares of Halliburton are up greater than 19% year-to-date.

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