CTW INVESTMENT GROUP WELCOMES LEADING PROXY ADVISORY FIRMS’ RECOMMENDATION AGAINST DOMINIO’S PIZZA’S BALSON OVER CEO PAY
Recommendation Follows CtW Investment Group’s Opposition to Andrew Balson and “Say on Pay”
WASHINGTON, D.C.–Leading independent proxy advisors, Institutional Shareholder Services (ISS) and Glass Lewis, are opposing the re-election of Andrew Balson, the Chairman of the Compensation
Committee at Domino’s Pizza, Inc. (NYSE:DPZ), because of concerns over CEO Patrick Doyles’ pay. Domino’s will hold its annual shareholder meeting in Ann Arbor, Michigan on April 29th. The recommendation comes two weeks after the CtW Investment Group wrote to fellow investors calling on them to oppose Balson and Domino’s “Say-on-Pay” given the company’s egregious equity grants and
the excessive and potentially risky focus on short-term performance in the company’s pay plans.