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Vote of the Week: New York Community Bancorp

Vote of the Week: New York Community BancorpDownload PDF

Our “Vote of the Week” features New York Community Bancorp. NYCB, a company with triennial Say on Pay votes, received 46% vote support in 2014 after receiving 83% in 2011. The decreased vote support is likely due to sizable and increasing tax gross-up payments made upon the vesting of equity awards, lack of clawback or stock-holding policies for executives, and use of identical performance goals in the annual and long-term incentive plans.