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IBM Corp. shareholders voted Tuesday to require the company to treat stock options as a business expense. The options proposal, which is non-binding, was put forward by a large union pension fund and won the support of 54 percent of stockholders at IBM's annual meeting. Seven other resolutions failed, including measures to re-examine executive compensation and changes to the company's retirement plans for employees.
April 28, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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