The verdict is in, and it serves as a convenient end point for the era of shareholder capitalism: Say-on-pay has been a dud.
Shareholder Capitalism Is Dead
The verdict is in, and it serves as a convenient end point for the era of shareholder capitalism: Say-on-pay has been a dud. Fewer than 100 corporations, about 1.5%, lost these mandatory but nonbinding votes on executive pay practices. Most got well over 90% in favor. Say-on-pay may have led some to modify their practices […]
July 21, 2011