To: chrisser; All
“Personally, I think those who are stockholders in the company should be the judge.”
You don’t get it.
Stockholders have ZERO say in the compensation packages of execs. These are determined by Compensation Committees, which are NOT acountable to the shareholders, the so-called owners. That needs to change.
123 posted on
01/30/2009 12:39:19 PM PST by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: Red in Blue PA
You dont get itStockholders have ZERO say in the compensation packages of execs. These are determined by Compensation Committees, which are NOT acountable to the shareholders, the so-called owners. That needs to change.
With all due respect, you are the one who doesn't "get it", and the fact that you seem to have no idea how a corporation works only goes to underscore that fact.
The compensation committee is appointed by the board. Generally, that committee contains some or all board members. The board is elected by the shareholders.
This wacky system is called a representative form of government. Not all that different than the wacky system of representatives given to us by the Founders to run the country.
138 posted on
01/30/2009 12:45:21 PM PST by
chrisser
(The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
To: Red in Blue PA
The compensation committees are accountable to the Board of Directors who are accountable to the shareholders. The compensation committee often includes some Board Members and the CEO.
172 posted on
01/30/2009 1:00:23 PM PST by
kabar
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