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Latest Shareholder Meeting Trend: Shareholders Voting o... - 3/16/2010 10:27:34 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		I would like to see this trend continue until all corporations comply.
 
Latest Shareholder Meeting Trend: Shareholders Voting on Executive Pay

Which major drug maker recently gave shareholders a vote on executive pay at shareholder meetings? Find out on the IML Purple Carpet Event Blog.
 
http://www.purplecarpeteventblog.com/406/shareholder-voting-quiz/
Profile   Post #: 1
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 1:26:55 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		you really have to consider the whole compensation package.

(in reply to Brain)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 2:17:58 PM   
thornhappy


Posts: 8596
Joined: 12/16/2006
Status: offline 		Looks like they're doing that; there's a reference to a package instead of pay.  Those dudes make out like bandits when stock's thrown in, at very nice prices.

(in reply to pahunkboy)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 2:22:09 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		what about the brain drain?

(in reply to thornhappy)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 2:24:42 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: pahunkboy

what about the brain drain?

I don't think there's likely to be a shortage of people arrogant and stupid enough to run a Fortune 500 company in our lifetimes, hunk.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to pahunkboy)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 3:35:10 PM   
thornhappy


Posts: 8596
Joined: 12/16/2006
Status: offline 		That's been an argument since the '80s, and all it does is ratchet up the pay.  Kind of like professional athletes, who are also grossly overpaid.

(in reply to Moonhead)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:17:51 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Brain, I guess that you have never been to a shareholders meeting. The shareholders have always had a say in what those at the top earn. They own the company.

(in reply to thornhappy)
Profile   Post #: 7
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:23:29 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline 		And they receive a dividend on their shares. As long as that keeps coming in, I doubt they'll give a flying fuck who's running the company or what they're paid.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to servantforuse)
Profile   Post #: 8
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:27:21 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		And just what is wrong with that ? I never cared how much money my boss made. I got paid to do a job, and they are also getting paid to do their job. If they make more, so what.

(in reply to Moonhead)
Profile   Post #: 9
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:38:43 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline 		When did I say there was anything wrong with that? No fucker would buy shares if they didn't get something out of it, would they?

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to servantforuse)
Profile   Post #: 10
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:42:59 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Most of the people who post on these boards think that there is something wrong with that. They hate any form of capitalisim. They is a lot of jealosy from the have nots on collarme.

(in reply to Moonhead)
Profile   Post #: 11
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 4:45:15 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline 		So long as paying the dividends isn't affecting the quality of the service provided (as it does, pretty notoriously, with the UK rail system) I don't have a problem. I have noticed that the companies that haven't been floated on the stock market around here are doing a lot better than those that have, though. Michelin is in deep shit, while JCB is still making something resembling a profit.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to servantforuse)
Profile   Post #: 12
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 5:37:00 PM   
domiguy


Posts: 12952
Joined: 5/2/2006
Status: offline
quote:

ORIGINAL: servantforuse

Most of the people who post on these boards think that there is something wrong with that. They hate any form of capitalisim. They is a lot of jealosy from the have nots on collarme.


Is this you being happy?

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(in reply to servantforuse)
Profile   Post #: 13
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 5:42:24 PM   
InvisibleBlack


Posts: 865
Joined: 7/24/2009
Status: offline
quote:

ORIGINAL: Brain

I would like to see this trend continue until all corporations comply.
 
Latest Shareholder Meeting Trend: Shareholders Voting on Executive Pay

Which major drug maker recently gave shareholders a vote on executive pay at shareholder meetings? Find out on the IML Purple Carpet Event Blog.
 
http://www.purplecarpeteventblog.com/406/shareholder-voting-quiz/


This is nothing new. There have been shareholder votes on limiting or otherwise adjusting executive compensation. They pretty much always don't pass.

About the only change is now they're going to do it regularly rather than sporadically. I'm not impressed.

_____________________________

Consider the daffodil. And while you're doing that, I'll be over here, looking through your stuff.

(in reply to Brain)
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RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 5:55:49 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		If you want to decide how much a CEO earns, you have to buy more stock in the company. Otherwise it isn't up to you.

(in reply to InvisibleBlack)
Profile   Post #: 15
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 7:10:48 PM   
thornhappy


Posts: 8596
Joined: 12/16/2006
Status: offline
quote:

ORIGINAL: servantforuse

Brain, I guess that you have never been to a shareholders meeting. The shareholders have always had a say in what those at the top earn. They own the company.

The shareholders are not on the compensation committees.  I've been to shareholder meetings, and we never had an input on that. 

(in reply to servantforuse)
Profile   Post #: 16
RE: Latest Shareholder Meeting Trend: Shareholders Voti... - 3/17/2010 7:24:47 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		At AIG Fuld said when he was questioned by Congress that they had a compensation committee which decided compensation.  Fuld made $45 million before AIG collapsed. How ridiculous getting paid for $45 million to destroy the company and make it insolvent, man that pisses me off.

quote:

ORIGINAL: servantforuse

Brain, I guess that you have never been to a shareholders meeting. The shareholders have always had a say in what those at the top earn. They own the company.

(in reply to servantforuse)
Profile   Post #: 17
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