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
In 1989, in response to the Exxon Valdez oil spill, a group of
forward-thinking investors and environmentalists, led by pioneer Joan
Bavaria, came together...
21 hours ago
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