Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
(....And, all-these-years....you kept trying to convince everyone the workplace wasn't a democracy!!)
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"President-elect Barack Obama had plenty to say about corporate excess on the campaign trail. One place his presidency should have a direct and early impact is in so-called "say on pay" legislation that would make annual shareholder votes on senior executive compensation part of securities law.
"Over the next six months or so, it's going to get very interesting," says Richard Ferlauto, director of pension policy at the American Federation of State, County and Municipal Employees union.
Indeed, the very day after the election, Sun Microsystems (SUNW) shareholders also cast ballots for change also and voted in favor of a "say on pay" resolution by the largest margin yet, with 67% in favor. The tech company has seen its stock drop 83% in the past year and some shareholders were up in arms over CEO Jonathan Schwartz's $7.7 million in compensation, which included private aircraft use and the installation of a home security system. Connecticut state treasurer Denise Nappier, who oversees $23 billion in state pension funds and who spearheaded the vote, depicted it as a "turning point" in how shareholders will address executive pay in next year's proxy season.