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Schering-Plough Announces Expanded Stock Retention Guidelines

[2008-4-15]

Schering-Plough has announced a new governance action intended to strengthen the alignment of executives with the interests of shareholders.

Key elements of the policy are as follows:

Going forward, the executives are required to hold shares acquired upon the exercise of stock options for two years (not including shares used to pay the exercise price and tax withholding on the exercise).

Existing stock ownership guidelines continue in effect. Those guidelines require the CEO to hold eight times salary in stock and other senior executives (including the executive vice presidents) to hold four times salary in stock.

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