Nice that he wants that. I suspect that he wants new regulations, laws, to require that shareholders approve of compensation and severance packages.
If he's not proposing new laws or regulations to make that happen (which btw it already does), then what's the point of his statement?
He clearly is proposing new laws or regulations about exec pay- laws that will explicitly require shareholder action.
And as is usual with government regs, there will be a required “process” to follow with some means of tracking metrics to assure compliance, and eventually someone new behind a desk to look at the metrics and issue reports.
Many states already have laws regarding this activity in absence of any setforth policies by a corporation.
In essence, this is nothing earth shattering or new. In fact, what would happen is the shareholders would delegate this to a committee or back to the BoD.
I just wish that people would read the article and not just the misleading headline, before spouting off.
However, If you get NObama elected. I can assure you there will be pressure to regulate corporations. In Fact, NObama wants to levy taxes on corporations doing business in the US, not just those companies who are located here.
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