Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?According to the New York Times, "Federal securities regulators appear primed to allow companies to bar shareholders from access to ballots for board elections, a move that major pension funds and governance advocates say could make corporations less responsive to investors' interests."
I have to tell you: It is a sad day for corporate governance in America when the commission that was designed to protect small investors is playing a role in further entrenching boards of directors in corporate America.
Does anyone seriously think that too much accountability for directors and corporate officers is a problem in America right now? In the past few months, we have watched the heads of major banks leave in shame after losing billions of dollars on ill-advised subprime loans. So much for accountability: They headed back to the Hamptons with 9-figure severance packages.
The SEC should be playing a leading role in giving dissident shareholders more options for effecting change.
I have to tell you: It is a sad day for corporate governance in America when the commission that was designed to protect small investors is playing a role in further entrenching boards of directors in corporate America.
Does anyone seriously think that too much accountability for directors and corporate officers is a problem in America right now? In the past few months, we have watched the heads of major banks leave in shame after losing billions of dollars on ill-advised subprime loans. So much for accountability: They headed back to the Hamptons with 9-figure severance packages.
The SEC should be playing a leading role in giving dissident shareholders more options for effecting change.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
