Pointing out that these greedy executives are stealing companies from their owners is not Marxist.
I agree that something has to be done to strengthen shareholders' rights. It is ridiculous what is going on in corporate governance and executive compensation these days.
It's just like what happens in government, where you have a highly compensated professional managerial class in the civil service that is constantly expanding their numbers and constantly padding their already-generous benefits. People grumble, but somehow no reform ever takes place.
I'm certainly not in favor of the government setting limits on executive wages, and you can certainly make a case that the real superstars of corporate America earn their high salaries. Good for them. But taken as a whole, the small shareholders are being looted by armies of parasitic, mediocre MBA's.
-ccm
You'd think that would be self-evident, but not in these knee-jerk times.