Posts Tagged ‘key stakeholders’

Behind Closed Doors

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Expert Perspective by Grahall’s OmniMedia Editorial Board

Sam Mamudi’s article for MarketWatch (February 12, 2010, Mutual funds silent on banks’ pay rises Despite big payouts amid profit drop, major shareholders stay mum) reminds us that “Despite public outcry at banker pay raises during a troubled market, mutual fund firms that are among the biggest shareholders of financial companies have been mostly silent on the matter. … One recent example is the lack of reaction to investment bank Lazard Ltd” changing its compensation policy. Mamudi continues: “The issue is less about Lazard’s compensation structure but the fact that the firm’s largest shareholders refuse to even discuss the subject [except for, perhaps,] … behind closed doors.”

Pity the poor mutual fund manager who might not like the decision by the board.  What is he to do especially in this economy? 
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Mutual funds silent on banks’ pay rises Despite big payouts amid profit drop, major shareholders stay mum

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Despite public outcry at banker pay rises during a troubled market, mutual fund firms that are among the biggest shareholders of financial companies have been mostly silent on the matter. One recent example is the lack of reaction to investment bank Lazard Ltd. (NYSE:LAZ), which said on Feb. 3 that its compensation and benefits rose substantially in 2009 against a roughly 95% drop in profits.

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