General Mills wants more money for its top people
General Mills is asking shareholders to approve a massive stock plan that puts up to $882.7 million in equity on the table for top executives.
By Foodie Pundit Newsroom - Published - Updated - Section: Food Culture
Key points
- General Mills has proposed a new stock compensation plan for its executives and directors.
- The plan requires shareholder approval, as detailed in a recent filing with the U.S. Securities and Exchange Commission.
- The company states the plan is necessary to attract, retain, and motivate its leadership.
- The SEC's role is to ensure transparency in this process, not to approve or deny the plan itself.
- The next step is the shareholder vote at the company's upcoming annual meeting.
This report is part of Foodie Pundit premium coverage. Foodie Pundit members read the full story. See membership.