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Subject:  Proxy Question Date:  3/25/2012  4:18 PM
Author:  HMarie Number:  46517 of 46936

I just received a proxy statement from Umpqua Bank and one of the issues to be voted on is an Advisory Vote on Executive Compensation or "Say on Pay". I've always thought that was a good idea. However, in this proxy statment Umpqua is saying that this got voted down last year and they have done a number of things in response to the no vote and have put the item back up for a vote on this years proxy statement. Can anyone explain why a "say on pay" is a bad thing?
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