Siebel shareholders voting today on stock option proposals

Today’s edition of the Wall Street Journal has a very good article about a shareholder proposal for Siebel Systems, Inc., submitted by TIAA-CREF, that advocates stock options issued to Siebel senior executives be tied to the company’s performance. The article describes the battle that has been waged by TIAA-CREF over the proposal which will be voted on today. Another article at CBSMarketWatch.com reports that representatives of the American Federation of State, County and Municipal Employees union pension plan are picketing outside the shareholder meeting site today to register their complaints against Siebel’s stock option compensation for executives.