June 14, 2006
As a shareholder in a number of mutual funds,which includes my IRA, I find it criminal that the compensation of the executives managing these funds is not made available to the shareholders. With the enormus prevalence of corruption in business today, how can an individual shareholder know if the management of a fund where his life savings are held, is taking compensation consistant with the performance and risk taking of the fund? Corporations are required to file this information so how does a fund manager escape the accountability that equity firms must adhere to in order to comply with the law?