Obama Calls for action on CEO pay

[Hope And Change]

Run time: 04:36 https://www.youtube.com/watch?v=GyGitCjosMA   Posted on YouTube: April 11, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: April 11, 2008 By DU Member: Hope And Change Views on DU: 504

 
Barack held a press conference in Indianapolis, IN on April 11, 2008. Senator Obama called for swift passage of his legislation to require corporations to hold a nonbinding shareholders vote on compensation packages offered to executives

[texastoast]

1. Interesting

This is one of my pet peeves. I just received a notice of annual meeting, and the booklet was about 75 pages long, with over half of it justifying the board of director salaries.

I also noticed in the last couple of years where shareholders are proposing their own proposals to be voted on at the shareholders meeting. I voted for a company to pony up to study global warming.

Of course, the board of directors recommended that we vote against THAT one.

[Xenocrates]

2. Some More PoliSpeak....

..a nonbinding shareholders vote..

Um.. If you're a shareholder, you already have a vote. And depending on how many shares you have, you can make your voice be heard in a binding way. Come On, Obama.. You can do better than that.