Weasel Words on Executive Pay

'Concern', 'Dissent' and 'Rebellion' are coming up again and again with respect to Exec Pay, but they are weasel words used by the media and commentators, where is the BEEF? There is no clear approach to the problem, neither what level the pay should be, the way it should be decided and how any reforms should be implemented. The usual refrain that soandso company has decided to engage with shareholders says it all. The shareholders OWN the company, it is not the other way round! And who are the shareholders? they are NEVER asked as it is only the Fund Managers, i.e. Fiduciaries, who are in cosy chats with management without asking for ANY input from end investors!
(10 May 2016)


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