Angry shareholders demand change
With Corporate America on the ropes, shareholder activists are hoping for big victories this proxy season, particularly on measures tied to executive pay.By David Ellis, CNNMoney.com staff writer
February 25, 2009: 5:57 AM ET
NEW YORK (CNNMoney.com) -- At long last, angry shareholders may finally have their day.
In the meantime, some investor groups are hoping to harness that hostility. The AFL-CIO and the Firefighters' Pension System of the City of Kansas City, Missouri, for example, are just two organizations that have taken aim at other alleged compensation abuses this proxy season, including the practice of "golden coffins" where exorbitant payments are made to executives' estates, after their death.
Wednesday, February 25, 2009
"IT'S GOOD TO BE THE KING"
That's what Mel Brooks sang and now we know it may be even better to be a MOTU because kings don't get goodies after their deaths.
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