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Schering-Plough announced that it will conduct a shareholder survey on director and executive pay to be included with proxy materials for the 2009 Annual Meeting. The survey results will be discussed in the proxy statement for the 2010 Annual Meeting. The company believes its compensation program attracts and retains top management while motivating performance. The survey will provide shareholders' views to inform the Compensation Committee and Board's future work. Rich Koppes will oversee the survey process and serve as a confidential contact for shareholders.
