Scrapping performance targets and making CEO's and senior executives long-term shareholders sound like a neat solution to the problem of excessive pay and short-termism. It may help to reduce the latter but still leaves open the all-important question: How high should executive compensation be in the first place. And the corporate governance crowd is silent (or complacent? or both?)
(6-July-2017)
Yesterday, in McRitchie v. Zuckerberg (Del. Ch.; 4/24), Vice Chancellor
Laster confirmed that directors owe “firm-specific fiduciary duties” under
Delaware...
21 hours ago
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