Summary by Moomoo AI
PayPal Holdings, Inc. shareholder John Chevedden, who has held shares since 2016, has issued a voluntary alert urging fellow shareholders to vote for Proposal 6, which advocates for a shareholder say on director pay. Chevedden highlights the conflict of interest in the current system where the Board approves its own compensation without direct oversight from shareholders. He argues that the proposal would allow for a simple shareholder vote on director compensation packages, thereby rectifying this issue. The Board has opposed the proposal, providing three reasons for shareholders to reject it, which Chevedden rebuts. He contends that if the Board's compensation is reasonable and in line with market practices, it should easily gain shareholder approval. Chevedden also dismisses the Board's claim...Show More
