The best way to control excessive executive compensation would be to let stockholders vote on it directlyThe company would have to send out a separate form (no electronic media) stating something like "Mr.Smith, our CEO ,wants a salary of $10 million next year. This is an increase of___% over last year. It exceeds our stock price increase (decrease) of ___ % by____ %. The average CEO of a company the same size is paid $_____ per year. The average executive of peer companies is paid $_____. Mr Smith also gets $____ in benefits and perks. Mr Smith is paid ______ times as much as the average employee.Do you think Mr Smith deserves the $_____ salary he is requesting? Vote YES or NO.If the company doesn't get a yes vote of over 50% of the shareholders (not just the shareholders responding) Mr Smith is limited to the average CEO pay or a specified multiple of other company employee salary. Only shareholders who have held the stock over a year can vote on this.This notification would have to be in simple language (there are ways of scoring this) not hidden in long boilerplate documents, a separate mailing from the normal stockholder meeting.Outlaw options, force top executives in public companies to buy stock so they have downside risk as well as upside risk.Reform the way BOD are nominated and elected. If executives don't like these restraints, they can always take the company private.Of course it will never happen. Big money owns both political parties. Then there is the Swiss alternativehttp://www.economist.com/news/business/21573169-switzerland-...
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