Textron convert shareholders
In an unusual victory, a group of nuns, it is reached, pushes the air and space giant Textron Inc. reevaluating its structure.
The Sisters of Mercy, a religious community of sisters, was a resolution of shareholders at the annual meeting of Textron yesterday that the proponents of separation of the posts of Chief Executive Officer of the bid, the chairman of the board .
Despite the opposition of Textron’s Board of Directors of the resolution by a narrow majority of shareholders - 51.4% - the company announced at the meeting.
Textron said it has received the vote before the meeting for 88 percent of shares outstanding, but the results may change if more votes, in Investors had until Tuesday by mail in their votes.
Proposal No. Textron shareholder has a majority of votes in at least 10 years, said Fred Butler, Vice President of Business Ethics and Corporate Secretary for the company.
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