Parsad Posted January 25, 2011 Share 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 Link to comment Share on other sites More sharing options...
valuecfa Posted January 25, 2011 Share Posted January 25, 2011 Agreed! About time! Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted January 25, 2011 Share 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.> Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted January 25, 2011 Share 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 Link to comment Share on other sites More sharing options...
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