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Shareholders are right to talk about this: it's their responsibility.

Government should not care, but do a very simple thing: have a high enough marginal tax rate to make any kind of huge package mostly useless.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 23rd, 2009 at 04:16:25 PM EST
[ Parent ]
Most "shareholders" are other city institutions with very similar arrangements. It's been one of the most instructive spectacles in the last few years of watching all of the City institutions voting each other huge Executive rewards whilst the individual shareholders fume in impotence.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Jun 24th, 2009 at 07:23:28 AM EST
[ Parent ]
The CEO class in action, making a mockery of "shareholder sovereignty".

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Wed Jun 24th, 2009 at 08:34:11 AM EST
[ Parent ]

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