SEC Commissioner Gallagher uses time-worn excuse of 'sheer complexity' of executive compensation to put smokescreen over efforts to reform (curtail) top pay.
Thisshows how little he (or the SEC) understands the frustrations of (well-informed) shareholders, employees and citizens. Economies functioned perfectly well during the post-WW2 expansion without gimmicky compensation. One number should be enough – basic salary. All other perks (pension, options, bonus) should be based on the number for ALL EMPLOYEES of the business. This is a long-standing proposal by Pro-Governance and other parties involved in the corp gov discussion are invited to follow suit.
(9-June- 2013)
As reported yesterday by Reuters, a California-based biotech company just
priced an IPO after its registration statement went effective — during the
govern...
18 hours ago
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