Controlling CEO's pay!

[treedancer]

Re: Controlling CEO's pay!

Quote Boomyal

The Dems now have a new idea. They want to give shareholders, of public companies, a direct hand in determining CEO compensation. At least, on the very surface, there seems to be some logic in this idea.

What say ya'll?

Seems we might be on the same page with this one Boom.

I’ll start by asking a question, what is the corporate way?

Here are my thoughts, the chairman calls the meeting of boards of directors to order, and the first thing on the agenda is the pay for the CEO of the company.

So for looks legit, right? Look a bit further on most of the Boards, I think you will find that the CEO has appointed friends and collogues and that he sits on there board of directors also.

In other words they are voting on each others pay, nice gig if you can get it. Plus they get a sit amount of pay for each board meeting. You have a bunch of corporate chieftains sitting on each other's boards, giving each other huge compensation packages. Looks like a license to steal from the stockholders to me

 

[jtexas]

Re: Controlling CEO's pay!

Just one thing, treedancer...the CEO doesn't appoint the B of D - they are elected by vote of the shareholders. The CEO answers to the Board, not the other way round.

 

[treedancer]

Re: Controlling CEO's pay!

Here is a link to what I was trying to get .It is mostly local, but as you can see it is large companies and look at the pay, and some inbreeding of the boards. Look at where the board of director’s come from, what positions they had prior to being appointed to the board of their respective companies. Don’t know about the boards on our area but sure looks suspicious me.

http://www.mindfully.org/Industry/2005/Monsanto-Directors-Pay6may05.htm

 

[Link]

Re: Controlling CEO's pay!

First my input to the post.
Let the company pay it's CEO what they want.
But I think everyone pretty much agrees on that.

I'm impressed at how much you guys know about this.
Most of which way over my head.
Long but good read treedancer

jtexas quote:
Just one thing, treedancer...the CEO doesn't appoint the B of D - they are elected by vote of the shareholders. The CEO answers to the Board, not the other way round.
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If the question or your answer distracts from this post just PM me with it.
A: What are the qualifications to be on the board of directors?
B: Say I own 100 share’s of IBM would I get a form asking for my vote?

tnx

 

[BoatBuoy]

Re: Controlling CEO's pay!

A: What are the qualifications to be on the board of directors?
tnx

Depends on the company bylaws. Generally, it's the same as governmental politics - none.

B: Say I own 100 share’s of IBM would I get a form asking for my vote?

tnx

Absolutely. Or at least a form asking for your proxy.

 

[Link]

Re: Controlling CEO's pay!

Tnx BB
Then I think thats fair...
Maybe I missed something here.