Why ‘say on pay’ won’t work

by  

Print | No Comments | Share/Save

http://money.cnn.com/2009/11/16/news/shareholders.pay.fortune/
Why ‘say on pay’ won’t work
Reformers are counting on shareholders to rein in compensation. But big investors seem inclined to remain quiet and preserve the status quo.
By Colin Barr, senior writer
Last Updated: November 16, 2009: 12:22 PM ET
NEW YORK (Fortune) — Waiting for investors to slam the brakes on runaway executive pay? Don’t hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut.
Senate Banking Committee Chairman Chris Dodd, D.-Conn., unveiled a financial reform plan this month that would give investors in public companies an advisory vote on pay policies starting in 2011.

Published in CNN Money November 16, 2009 by Colin Barr

Waiting for investors to slam the brakes on runaway executive pay? Don’t hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut.

Senate Banking Committee Chairman Chris Dodd, D.-Conn., unveiled a financial reform plan this month that would give investors in public companies an advisory vote on pay policies starting in 2011.

Link to full article

Post a Comment