The SEC (meeting replay here) decides to seek feedback on whether TARP beneficiaries should be...
The SEC (meeting replay here) decides to seek feedback on whether TARP beneficiaries should be required to give shareholders a say on pay. The proposed shareholder vote would be nonbinding, but House Financial Services Chairman Barney Frank says it would put pressure on banks to keep things reasonable.
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Humble Value Miner
01 Jul. 2009
All companies should have say on pay, not just tarp ones or banks.
I find amazing that the owners can not decide how much to pay the chiefs. No bonuses should be awarded if not after 5-10 years of big profits. No good execution, no bonus. Specially if they turn to be so bad such as some big bankers. People such as Lehman Brothers chief and so on must pay penalties, not receive bonuses.
I find amazing that the owners can not decide how much to pay the chiefs. No bonuses should be awarded if not after 5-10 years of big profits. No good execution, no bonus. Specially if they turn to be so bad such as some big bankers. People such as Lehman Brothers chief and so on must pay penalties, not receive bonuses.