By Susan Holmberg “Hillary Clinton surprised many progressives earlier this week with her remarks on a model populist issue. “There’s something wrong when CEOs make 300 times more than the typical worker. There’s something wrong when American workers keep getting more productive…but that…
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Clinton’s executive pay comments show we’re still too focused on fairness
By Susan Holmberg “Hillary Clinton surprised many progressives earlier this week with her remarks on a model populist issue. “There’s something wrong when CEOs make 300 times more than the typical worker. There’s something wrong when American workers keep getting more productive…but that…
Efforts to reform executive compensation follow the law of unintended consequences
By Cydney Posner “Remember how “say on pay” was supposed to put the lid on soaring executive pay? And just how has that turned out? According to a study conducted by ISS affiliates, (reported in Compliance Week ) the average compensation package…
Maximising shareholder value all the way to zero
By Ann Crotty “A meeting of high-profile investors and corporate executives held recently in New York heard from one CEO how the structure of his remuneration would allow him to make more in a few years than in his whole…
R100bn. splurge on share buybacks
By Ann Crotty “SA firms are major players in the global buyback mania, which, some say, is fed by executive greed. Nicolene Wesson is a changed woman. Gone is the haunted look that has clouded her face for much of…
On the unfinished business of financial reform
By Elizabeth Warren “Thank you all for being here today. We’re here to ask a critical question at a critical time: what are we to make of Dodd-Frank five years later? To answer that question, I think we should start…
At General Electric company, workers struggle to find footing as shareholders reap windfalls
By Owen Davis “General Electric’s decision to close its capacitor plant in upstate New York came as a shock to Mark Rock, 43, a 10-year veteran on the assembly line. “Honestly, I didn’t believe it because I’d heard it was…
Overcoming corporate short-termism: Blackrock’s chairman weights in
By William A. Galston and Elaine Kamarck “When the head of the world’s largest investment fund raises fundamental questions about U.S. corporations, we should all pay attention. In a letter earlier this week to the Fortune 500 CEOs, BlackRock Chairman…
Stock buybacks are shrinking the middle class
By Chris Tomlinson “Shareholders cheer when they learn that a corporation they’ve invested in plans to buy back stock because it usually means higher share values. Activist investors have pressed many companies to move away from paying dividends and instead…
Profits without honor: The sad truth about CEO compensation
By Frank Islam and Ed Crego “For what shall it profit a man, if he shall gain the whole world and lose his own soul?”(Mark 8:36). The answer: In terms of CEO compensation at major American businesses in the 21st…
