Morgan Stanley fights NY executive pay lawsuit
By Grant McCool
NEW YORK | Thu Sep 16, 2010 3:39pm EDT
NEW YORK (Reuters) - In a case stemming from the public outcry over multimillion dollar executive pay even as the U.S. government bailed out financial firms, Morgan Stanley lawyers argued on Thursday that shareholders had not shown legal standing to seek damages at trial.
Thursday, September 16, 2010
IN HANNITY'S "FREE MARKET," THE OWNERS HAVE NO RIGHTS
Adam Smith noted over 200 years ago that senior executives would come to see the company they run as their own personal fiefdom instead of watching out for the interests of the real owners, the stock holders. Nothing has changed since then...
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