March 19, 2008
I support the rights of shareholders to use the corporate proxy machine to propose changes in the rules on how board members are elected. I want more detail about what targets CEOs have to hit to increase the size of their paychecks.
Companies hire compensation consultants to help determine how much to pay their executives. The question is whether that advice is objective. For instance, those same consultants try to get business from the companies to advise on their employees' retirement plans. If they give the CEO a healthy pay raise, does that help them land or keep other consulting jobs? Everyone's just trying to pad there pockets, it's time to start actually earning wages!
You need to require disclosure of all relationships between compensation consultants and the companies whose executive pay packages they design.
As a shareholder, ask companies to put pay-related reforms to a vote.
There is no sense in a pay gap of 262 times what the average worker earns! This must change!
Concerned Citizen, Travis Steele