How often do I have to repeat this: it is the financial intermediaries, aka investor fiduciaries, who approved the Pay for the senior GE executives - and most other C-suite staffers. The REAL investors have no say in this matter and the whole corporate governance movement is at best a fig-leaf, at worst a circus to entertain the ordinary citizen watching helplessly.
(9-May-2019)
GE Investors Approve Executive Pay, Reject Independent Chairman
On January 30, the U.S. Securities and Exchange Commission (the “SEC”)
published proposed amendments (the “Proposed Amendments,” available here)
to moderni...
17 hours ago
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