Well, if they really are "persons" as the Scalia court has ruled, then it makes sense that almost none of them allow their owners (the sharholders) to vote on executive compensation. The SEC has proposed a new rule to allow those with at least 3% of the stock to run a slate of candidates for the board of directors but the U.S. Chamber of Commerce and the Business Roundtable are going to fight this because "this gives union-run pension funds a way to disrupt the internal affairs of companies while seeking to organize workers."
Apparently, owners aren't really owners if they represent the workers.
Thursday, September 30, 2010
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