COVID Prompted Equity Plan Edit, Raytheon Tells Chancery

By Leslie A. Pappas (March 27, 2024, 5:21 PM EDT) -- Raytheon Technologies Corp. amended employee compensation plans in early 2020 to mitigate "head-spinning unprecedented volatility" from the COVID-19 pandemic, and a shareholder's allegations that directors acted in bad faith by failing to seek stockholder approval should be dismissed, the aerospace company told Delaware's Court of Chancery on Wednesday....

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