"The $202.1 billion California State Teachers' Retirement System, West Sacramento; C$175.6 billion ($131.7 billion) Ontario Teachers’ Pension Plan, Toronto; Canada Pension Plan Investment Board, Toronto; $133.2 billion Texas Teacher Retirement System, Austin; and the Florida State Board of Administration, Tallahassee, will all vote against ratifying Ms. Rometty and the four other named executives’ compensation, according to their proxy-voting disclosures. All five entities also indicated that they are voting in favor of a proxy access proposal at IBM."
http://www.pionline.com/article/20170424/ONLINE/170429936/pension-funds-line-up-against-ibm-executive-compensation-support-proxy-access