'Ghost Revenue' to boost bonuses - what next?

How greedy top Executives can be is illustrated by the latest ruse that is exposed in this article. Are our fiduciaries in the Asset Management - and their hired hands, the Proxy Advisers - up to the task of reigning in excessive pay? Do they even care? And how to make them face up to their responsibility? (15-May-2018)
Companies are using ghost-revenue to calculate executive bonuses (Marketwatch)

With Chairs like these there is no hope for reform of Exec Pay

Yes, it must be VERY hard! Poor lady, having to chair three (!!) remuneration committees and still not have any understanding of the underlying cause of excessive 'executive' compensation is nothing to be proud of. Who are these 'executives' that deserve such special treatment? The new aristocracy as they certainly expect favoured treatment that is different from the lower classes, the workers to you and me. Time and again Pro
Gov argues that there is no rational reason to pay top management well to do a job and then heap extra 'rewards' on them if they do the job they are supposed to do. If you have an incentive plan give every employee a proportional stake, no ifs and buts. Anything else is just cheap PR or evading the real problem. (7 May 2018)

Who shall police executive Pay?

The problem is that the 'Shareholders' the headline refers to are only fiduciaries for the REAL shareholders. They latter are systematically disenfranchised, by political decision, regulation and the self-interested activities of the intermediaries - to save cost, have a simpler life. So the first step - before demanding legislation - would be to empower the real investors, take power away from fund managers and proxy advisers. Anyone with a serious interest to improve governance should contact us. (9 May 2018)

Apple, - time for SRI Investors to step up

Is SRI Investing only a slogan to put into marketing brochures? Or should investors take a closer look at questionable practices at firms they hold a stake in? If they are pledging allegiance to long-term investing it is the latter. Vanguard, State Street, Fidelity, show your true colours!
(3-May-2018)
Apple faces complaints - BBC

Why bonus limit is slap in the face of ordinary workers

Promising that the bonus for the few (aka ''Executives') will in the future be limited to 200% of salary is a slap in the face of ordinary workers. This compensation Apartheid is not justified by any business rationale and can only continue with the tacit support of the major fiduciaries that manage our money, be the banks, insurance companies or fund managers. Time for the regulators or politics to intervene?
(25-March-2018)
Another Cop-out by Persimmon (Paywall)

Singapore Exchange - interests of shareholders neglected?

What do the ETF giants, index providers, proxy advisors and governance big-whigs have to say about this? Nothing will be the answer again. And if they are neglected, will they have the balls to call for a boycott?
https://www.bloomberg.com//news/articles/2018-03-12/in-pursuit-of-tech-ipos-singapore-bourse-is-said-to-ease-rules

Noble Paid Its Co-CEO $20 Million as Losses Hit $5 Billion

Institutional Investors again caught napping. The only way to stop excessive 'compensation' (for turning up in the morning?) is mandatory limits on executive pay. Shareholders must expressively approve any pay award each year, and they must consult their ultimate investors about their pay.
policies.
(5-March-2018)

Noble Group pays Co-CEO $20 Million (Bloomberg)

2017: A wasted Year in Corporate Governance

When stories such as these feature prominently in the very first days of the New Year one can only despair about the ineffectiveness of the Corporate Governance Crowd - be it in the Media, Academia, Politics or the Investment Community.
The CEO of Intel clears out most of his share holdings when supposedly he should already be aware of a security flaw in his flagship product.
Some (and I guess a large percentage) of British CEO's earn more in three days than the average worker.
Call it lack of moral fibre, lack of shame, failure of Capitalism or whatever, I go for the collective abrogation of responsibility by our fiduciaries in the Investment Industry, including useless free-riders in the so-called 'consulting world'.
Will 2018 be any better? I would not bet on it - but in the UK at least the wolf is at the door. Apres nous le deluge? seems to be the motto for many.

Widening Share Ownership the right way

Only requiring that incentive compensation is offered to all employees on an equal basis will prevent gaming of executive pay rules by the C-Suite. Strictly tie it to base pay on pro-rata basis. Make base pay subject to vote by all shareholders (or beneficiaries in private funds or indirect holdings, such as investment funds, pension funds or private banking accounts) (21-Dec-2017)
Tax Bill spells big changes for companie's approach to executive compensation

A Simple Fix for Our Massive Inequality Problem

Interesting proposal. But not sure the state should run it. Better to give substantial tax exemption for each individual that receives dividends or owns shares, - maybe up to (Dollar, Euro) one million. And put tax on all other assets at much higher rate (in line with personal income tax rates, i.e. wealth pay proportionally more). As more people are subject to the maximum rate it could be lowered (30%?)  and it would still generate sufficient revenues for the state. (3-Dec-2017)
A Simple Fix for Our Massive Inequality Problem - The New York Times