At Best Buy's annual meeting, shareholders rebuked management by voting against the non-binding advisory "Say on Pay" proposal on executive compensation. There were 100,145,657 votes for and 161,332,702 votes against. A shareholder advisory firm, ISS, had recommended that Best Buy shareholders vote against the proposal mainly in response to the severance package given to former CEO Brian Dunn.
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While tax provisions should help companies, pullbacks from the Inflation Reduction Act and other programs could offset growth for some industries.
