French Presidential Election 2012

[innonimatu]

Originally Posted by cegman

Multiple or single CEO that did this?

http://www.guardian.co.uk/commentisf...y-shareholders

Shareholders need to be the ones to take control of CEO pay.

It was an average over the largest companies listed in the stock exchange.

Trying to get shareholders to exercise control is a fool's errand, I'm afraid, at least in the major corporation with widely dispersed stock. Boards and managers are all together in an incestuous relationship, appointing each other ever numerous companies. It's common for people to hold several board memberships, on top of executive jobs. "Corporate governance" is an issue that has been discussed for at least 80 years, and no solution ever fixed the issue. The closest I've seen are unions with seats on the board (like Germany, but that requites powerful and accountable unions) or tight state-enacted regulations restricting executive's responsibilities (occasionally put in place, but that requires legislative bodies with teeth and not vulnerable to corruption - professional life-long politicians instead of the kind that jumps between public office and executive jobs at corporations).

[Kaiserguard]

Originally Posted by innonimatu

Trying to get shareholders to exercise control is a fool's errand, I'm afraid, at least in the major corporation with widely dispersed stock.

How about a law that gives exclusive control of a corporation to the largest shareholder (to appoint the board of directors) and making him more accountable for the actions of the corporation he controls?