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CalPERS Pushes For Executive Payment, Voting Changes At 3 Companies

DOW JONES NEWSWIRES The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive compensation, supermajority and plurality voting requirements. It said it supports a proposal for Chesapeake Energy Corp.'s (CHK) June 8 annual meeting that would remove a 67% supermajority voting requirement to amend or adopt new bylaws for the natural-gas producer. At New York Community Bancorp Inc. (NYB), CalPERS is seeking to remove a plurality vote standard in favor of a majority vote standard at the banking company's June 7 annual meeting. For Nabors Industries Ltd. (NBR), CalPERS will push for shareholder approval of future severance agreements during the drilling contractor's June 5 meeting. Nabors was criticized recently for disclosing a $100 million severance-style deal for its departing chief executive, Eugene Isenberg, who later agreed to waive his rights to the payment. The payment would have been one of the largest executive paydays in recent years. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
09/30/201603:03:00Gas Firm Gets Data Request -- WSJ
09/29/201618:50:00Chesapeake Energy Corporation Announces Pricing And Upsizing...
09/29/201617:28:00INVESTOR ALERT: Goldberg Law PC Announces an Investigation of...
09/29/201617:13:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation...
09/29/201615:57:00SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces...
09/29/201615:33:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
09/29/201615:30:00Chesapeake Energy Reveals Subpoena
09/29/201615:09:00Chesapeake Energy Gets Subpoena Seeking Accounting Information
09/29/201609:51:00U.S. Hot Stocks: Hot Stocks to Watch
09/29/201607:33:00Chesapeake Energy Corporation Announces Private Placement Of...
09/28/201619:20:00Carl Icahn Cuts Stake in Transocean
09/27/201607:00:00Chesapeake Energy Corporation Announces Final Results Of Cash...
09/19/201618:49:00Carl Icahn Sells More Than Half of Chesapeake Stake -- Update
09/19/201618:10:00Carl Icahn Sells More Than Half of Chesapeake Stake
09/19/201618:03:00Carl Icahn Sells More Than Half of Chesapeake Stake
09/18/201621:00:00Oklahomans Turn Out for Auction of McClendon's Wines
09/18/201616:49:00Oklahomans Turn Out for Auction of Aubrey McClendon's Wines
09/13/201607:00:00Chesapeake Energy Corporation Announces Final Results Of Cash...
09/13/201607:00:00Chesapeake Energy Corporation Announces Extension Of Expiration...
09/10/201603:02:00France's Total Expands in Texas -- WSJ

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