Foley Partner Patrick Quick was quoted in an article that appeared in Business Insider on March 21, 2011 titled “Say-On-Pay Votes: Avoiding Jacobs Engineering’s Fate.” Quick discusses say-on-pay votes that allow shareholders to rule on executive salaries, stating that executives need to know their shareholders and talk to them in advance before issuing a proxy statement. He adds that executives need to anticipate potential negative recommendations and work to counter them soon after filing a proxy statement, noting that it is important for executives to proactively explain why investors should vote with them.
