Nothing demonstrates the state of the debate about 'Executive' (or better: CEO) Pay better than this quote from Aeisha Mastagni, a CalSTRS Investment Officer, who stated that "The compensation at McDonald's, in the grand scheme of things, it's quite reasonable".
Opinions may differ about the correct level of compensation for senior and top management but it would be helpful if clear yardsticks are set by investment fiduciaries and their paid advisers in the proxy industry. Constant ad-hoc battles on a case-by-case basis are a losing proposition that will regularly be won by incumbent management and their tame supervisors in the boards (they are by nature beholden to those who appoint and feed them).
(21 May 2014)
Last week, the SEC’s Office of the Investor Advocate – which is also known
as the “OIAD” – announced that it had delivered this 24-page report to
Congress ...
1 day ago
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