Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: MoeBruin Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 49532  
Subject: Re: Proxies out Date: 2/10/2013 5:45 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
I also vote against exective pay.

I also think a big reason they don't vote no ever because they don't care. One of the big reasons the executive pay thing has run out of control is because executives are not really had very accountable. The only people they are really accountable to is the rest of the Board of Directors which is mostly made up of other executives (Good Ol Boys and Girls club if there ever was one).

Why should Vanguard for example care? If they don't like the way Disney is run its much easier for a mutual fund or a group of mutual funds to just sell the stock versus try to get it changed to be run better.

Which is the root of the problem being most stock is run by institutions and mutual funds very few companies have stock really owned by people who own the stock. The small guys who do are way too small to have any meaningful say. So this is a case where the systems of checks and balances got broken and thus it is out of control.

Moe
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement