CEO's manipulate Politics to feather their nest

No surprise, the greedy clique populating the C-Suite in major corporations is abusing access to top-level politicians to feather their nest. But it would be so easy to neutralize this: CEO's are a tiny minority, just the 1000 top execs are facing tens of millions of ordinary workers and savers. So why can exec pay grow to ever more absurd levels? A major factor is the lack of voice that the many have with respect to their financial assets. While they provide the chips for the financial casino their 'fiduciaries' are either inept, don't care or are in cahoots with the CEO's they are investing the funds of their clients in. That the same CEO's are in charge of the companies that provide a major part of their assets under management (pension funds) aggravates the situation. So what is the solution? Political intervention? Or giving the real end investor a deciding voice with respect to how fiduciaries exercise their proxy votes on their behalf?
As C.E.O. Pay Packages Grow, Top Executives Have the President’s Ear

0 comments:

Post a Comment