BUSINESS
11/21/2009 05:12 am ET | Updated May 25, 2011

Executive Compensation: Cisco, HP, AT&T, Tyco Agree To Pay Limits

WASHINGTON -- A group of blue-chip companies is lining up behind efforts to voluntarily change their pay practices, in part to head off potentially more onerous restrictions out of Washington.

The Conference Board, a nonprofit business-research group, Monday said that companies including AT&T Inc., Cisco Systems Inc., Hewlett-Packard Co. and Tyco International Ltd., are endorsing a set of principles that hew closely to what the Obama administration is pushing, including tying pay to performance and reducing short-term financial incentives.

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