United Technologies Corp. shareholders voted 56% in favor of a proposal asking that a significant portion of any future stock option grants to senior executives be performance-based. Amalgamated Bank's LongView Collective Investment Fund sponsored the shareholder proposal at the Hartford, Conn.-based company. A UT spokesman couldn't be reached to comment on whether the board will approve the proposal.
Another proposal calling for separation of the positions of chairman and CEO failed, with 61% opposed. The International Union of Bricklayers and Allied Craftworkers' Trowel Trades S&P 500 Index Fund sponsored the proposal.