say on pay

say on pay
 n.— «Labor unions who own Apple shares through pension funds, have put up proposals that require options to be priced on the day they are granted to eliminate the practice known as backdating; that give investors a nonbinding vote on executive compensation, known as “say on pay”; and that tie executive bonuses to the company’s stock performance.» —“Deal Book: Apple Shareholders to Vote on Compensation Proposals” by Andrew Ross Sorkin New York Times May 10, 2007. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Coagulated Sunlight and Gilded Gravel

With memorable phrases like coagulated sunlight and gilded gravel, poem “Churning Day” by Seamus Heaney is a fine example of how poets can draw out astonishing beauty from the most mundane of tasks — in this case, churning butter. This is part of a...

In Railroading, Tying Up Means Clocking Out for the Day

Zack, a railroad conductor in Omaha, Nebraska, wonders about a bit of jargon from his profession: tie up, meaning to “clock out,” or “leave work,” as in What time did you guys tie up yesterday? This usage is referenced in The Railway and Locomotive...