The long-delayed Swiss referendum about limiting the pay of senior managers in listed companies demonstrates the danger that politicians and politics take over the debate about senior executive compensation. The public's fiduciaries in the fund management business in most countries would be well advised to heed this warning and speed up discussions about how to effectively curb excessive pay that a small group of executives awards to its members year in year out with not change in trend in sight despite growing public opposition and anger.
(26/02/2011)
We were optimistic last year about the IPO window opening. Hope glimmered
as recently as last month, when a handful of high-profile IPOs priced or
revealed...
1 day ago
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