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Wall St.’s Biggest Bonuses Go to Not-So-Big Names

Discussion in 'Sports and News' started by YankeeFan, Feb 10, 2010.

  1. YankeeFan

    YankeeFan Well-Known Member

    The big name firms on Wall St. are trying to be modest (at least what they consider modest) with bonuses for their CEOs.

    But some of the firms not under intense scrutiny don't seem to be so modest:

    Then there's the curious comments by our President who appears to have decided that beating up on Wall St. "Fat Cats" isn't the answer to every problem (and can be detrimental to fundraising).

  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    Saying shareholders don't have any significant say in the pay structures for CEOs is the same as me saying I don't have any significant say in the executive orders the president signs. Shareholders vote for boards of directors who are the ones who choose CEOs and structure their pay. If you own shares and are unhappy with the board or its decisions, vote for a new board at the annual meeting or organize a takeover that gets others on board--presumably because you can make the case that the company is poorly run and shareholders aren't being rewarded. If you are a small shareholder and feel that is impossible, no one is forcing you to own shares in a company you don't think is well run. Why would you? But as long as your shares give you a vote and control over the board, you have as much a say as, for example, any of us have over a decision the president makes. We elected him too.
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