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'Pay Disparity' Disclosure is Focus of Unprecedented New Shareholder Push Targeting 21 Major Health Insurers, Medical System Providers and Related Companies
December 1, 2009In an unprecedented move by faith-based institutional shareholders, at least 21 U.S.-based health industry companies, including Aetna, AIG, Eli Lilly and UnitedHealth Group, are the focus of shareholder resolutions asking them to publicly disclose the total compensation packages of their top executives, including their health care packages, vis-a-vis that of their lowest paid U.S. workers. Among the insurers, medical device makers and other companies receiving the resolutions are many of the leading opponents of Congressional action on health care reform. The 30 investors filing the resolutions belong to the Interfaith Center on Corporate Responsibility (ICCR), which has an estimated 300 faith-based institutional investor-members with assets in excess of $100 billion. Full release.