CQ.com: House Passes Bill Allowing Shareholders to Vote on Executive Pay
Excerpt:
"Shareholders of publicly traded companies would be allowed to cast nonbinding votes on compensation packages for top executives under legislation the House passed 269-134 today.
The Senate, as yet, has no companion bill, and the White House opposes the measure (HR 1257).
Supporters highlighted the great increase in total compensation for top corporate executives in recent years and the growing disparity with workers’ salaries. They said shareholders should have a guaranteed mechanism for expressing their views of the contracts that in total can be worth tens of millions of dollars or more."
http://public.cq.com/docs/cqm/cqmidday110-000002494473.html
Alex
Saturday
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