Parsad Posted January 25, 2011 Posted January 25, 2011 About friggin' time! Cheers! http://www.bloomberg.com/news/2011-01-25/sec-considers-letting-shareholders-vote-on-pay-packages-for-top-executives.html
Guest ValueCarl Posted January 25, 2011 Posted January 25, 2011 Why is this true if the mandate states at least once every three years? <The rule seems to pressure companies to conduct votes every year, which “doesn’t work for everybody,” especially smaller companies, said Sanjay M. Shirodkar, a former SEC lawyer with DLA Piper LLP in Baltimore.>
Guest ValueCarl Posted January 25, 2011 Posted January 25, 2011 For example, it seems to me if I didn't want to deal with those common shareholder pests, I might incorporate a healthy three year compensation scheme to deal with the peanut gallery less, rather than more. I would attribute the change to expense savings, advancing our board to more productive areas while saving their time and energy on such trivial matters. I would expand further to say that, with the trading mentalities of these modern era rabble rousing types who only want "milliseconds" to satisfy their quench for "ownership," I wouldn't have to deal with too many each three years. Commoners be DAMNED! ;D
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