Proposals to limit executive pay at Deere & Co. - KWWL - Eastern Iowa Breaking News, Weather, Closings

Proposals to limit executive pay at Deere & Co.

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WATERLOO (KWWL) -- Shareholders of Deere & Co. will get to vote on two proposals recommending limits on executive pay. Neither proposal, however, will be binding.

The proposals ask Deere's board to consider adding the limits if shareholders approve.

One measure asks the company to consider capping CEO pay to no more than three times the pay of other executives. Another would ask Deere to allow shareholders to hold an annual advisory vote to top employees' compensation

The two measures will be considered at the company's annual meeting February 24th.

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