I like McCain’s Tax Proposals, I’m a bit dubious about the CEO pay “regulation”.
I don’t have a problem with shareholder approval being required for a large CEO compensation package, after all, it is the shareholders money that is being spent.
How that system would work in practice is another ballgame, that is where I don’t think it would work in practice.
How that system would work in practice is another ballgame, that is where I don’t think it would work in practice.
I don't know anything about how this works, but who determines the amount of the "package" now?
I always thought it was the board of directors, who I thought were shareholders that were elected to the board by other shareholders.
Maybe that's just how I thought it shoud be. If it is then government interference isn't needed.