Archived Posts » 59,646,491
Not big news, but this the CORRECT way executive pay issues get taken care of.
5/9/2012 7:00:19 PM
The shareholders and the market solves the problem.
Unfortunately I don't think this thread will make it past one page either. Not sexy or controversial enough.
The end result will be a good thing for the markets. And .gov never needed to get or be involved.
http://www.marketwatch.com/story/shareholders-revolt-will-shift-markets-economies-2012-05-09?link=home_carousel
The weapons might be proxy forms rather than Molotov cocktails, and the rebellions might be staged in hotel conference rooms rather than on the streets. But there is still a whiff of insurrection in the air.
Unfortunately I don't think this thread will make it past one page either. Not sexy or controversial enough.
The end result will be a good thing for the markets. And .gov never needed to get or be involved.
http://www.marketwatch.com/story/shareholders-revolt-will-shift-markets-economies-2012-05-09?link=home_carousel
The weapons might be proxy forms rather than Molotov cocktails, and the rebellions might be staged in hotel conference rooms rather than on the streets. But there is still a whiff of insurrection in the air.
After a decade during which executive pay soared higher and higher, the patience of the people who actually own the world’s largest companies — the shareholders — looks finally to have snapped.
The Davos set — the people who run the companies in the FTSE, the DAX or the S&P500 — are seeing huge protest votes against their lavish pay packages. A few have even been forced to step down, and it is a fair bet that many more will follow.
That is going to have a big impact on the markets — and in time on the economy as well. Like how? It will lead to an increase in dividends, a higher rate of investment, and may well lead to stronger stock market returns. There aren’t many reasons to feel positive about equities right now, but the rebellion against outrageous executive pay is one of them.
5/9/2012 7:04:34 PM
In most cases the shareholders and the market already solve the problem.
If you (as CEO) aren't increasing revenue and profitability compared to your predecessor you have at best two years to show your worth.
5/9/2012 7:05:32 PM
Sounds good to me. The 99%ers said it can't be done.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
5/9/2012 7:07:24 PM
Originally Posted By Banditman:
Sounds good to me. The 99%ers said it can't be done.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
Sounds good to me. The 99%ers said it can't be done.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
Failures aren't only part of business, they are a necessary part of business.
5/9/2012 7:08:49 PM
Originally Posted By sherrick13:
Failures aren't only part of business, they are a necessary part of business.
Originally Posted By Banditman:
Sounds good to me. The 99%ers said it can't be done.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
Sounds good to me. The 99%ers said it can't be done.
But there is one caveat. They can screw up as well and cost
themselves in the long run if they make a poor choice.
Failures aren't only part of business, they are a necessary part of business.
I wasn't saying it is wrong at all. But just like a election you got
to be careful what you wish for.
5/9/2012 7:08:54 PM
This actually happened with Citi.
Shareholders voted everything down.
Shareholders voted everything down.
5/9/2012 9:44:31 PM
Originally Posted By thefreshman991:
This actually happened with Citi.
Shareholders voted everything down.
This actually happened with Citi.
Shareholders voted everything down.
Citi might actually be a good buy in the future.
5/9/2012 9:49:25 PM
Talent doesn't cost what the talent says it costs.
5/9/2012 9:58:01 PM
Free markets solve their own problems. 
One of the big problems is that the board members sit on each others boards and vote for each other to get bonuses. Shareholders should be pissed and should be acting to prevent shenanigans. The internet is the best thing to happen to shareholders like, ever because it allows people to be informed and in communication so they can wield the significant power they hold.
One of the big problems is that the board members sit on each others boards and vote for each other to get bonuses. Shareholders should be pissed and should be acting to prevent shenanigans. The internet is the best thing to happen to shareholders like, ever because it allows people to be informed and in communication so they can wield the significant power they hold.
5/9/2012 10:01:04 PM
Originally Posted By Combat_Jack:
Talent doesn't cost what the talent says it costs.
Talent doesn't cost what the talent says it costs.
I heard a really interesting lecture on executive pay, once. This was the ultimate thesis, with line of argument based upon the span of effective control of a Fortune 500 CEO.
5/9/2012 10:04:27 PM
Originally Posted By Combat_Jack:
Talent doesn't cost what the talent says it costs.
Talent doesn't cost what the talent says it costs.
True for CEOs (most of the time)... and labor unions.
5/10/2012 11:56:08 AM
bump for day shift
