Twenty-First Century Fox Corp. shareholders by majority votes approved the compensation package of the CEO and other top executives and re-elected all nominees for director, said a webcast of the company's annual meeting Thursday.
Pension funds lined up on different sides in proxy voting.
The $181.3 billion California State Teachers' Retirement System, West Sacramento, voted against the executive pay program and the election of 12 of the 13 director nominees, supporting only Jeffrey W. Ubben, founder, CEO and chief investment officer of ValueAct Capital Management, an activist hedge fund manager.
The $175.6 billion Florida State Board of Administration, Tallahassee, and the C$154.4 billion ($118 billion) Ontario Teachers' Pension Plan, Toronto, opposed the pay package.
The FSBA also voted against the election of Delphine Arnault, Chase Carey and Robert S. Silberman. OTPP voted against James W. Breyer.
The C$272.9 billion Canada Pension Plan Investment Board, Toronto, supported the pay package and all the nominees for director.
Tallies of the voting results were not released at the meeting.
