April 10, 2006
Part of the problems with compensation and other issues within a corporation is that shareholder votes are not always binding on the Board or management of the company. This is a rule that should be adopted. Allegedy a shareholder has a say in the general direction of the company but the true situation now is we can only vote for Board members and after that we are basically giving our money to them to do with as they please. The companies are not for the benefit of the shareholders but for that of the management. Is this the American way?