Entry tags:
I'd vote for this!
From The Political Animal:
SUNLIGHT = DISINFECTANT....Barney Frank has introduced a piece of legislation that I like. Executive compensation has been taking a bigger and bigger bite out of corporate profits over the past decade (up from 4.8% of profit in 1993 to 10.3% in 2003 just for the top five executives at the average company), and he thinks that companies ought to be a wee bit more open about who's getting all this dough.
To that end, he's proposed a bill that does nothing at all to tell corporations how much they can pay their executives, but does force them to be open with shareholders about how much they're shelling out.
http://www.washingtonmonthly.com/archives/individual/2005_11/007548.php
SUNLIGHT = DISINFECTANT....Barney Frank has introduced a piece of legislation that I like. Executive compensation has been taking a bigger and bigger bite out of corporate profits over the past decade (up from 4.8% of profit in 1993 to 10.3% in 2003 just for the top five executives at the average company), and he thinks that companies ought to be a wee bit more open about who's getting all this dough.
To that end, he's proposed a bill that does nothing at all to tell corporations how much they can pay their executives, but does force them to be open with shareholders about how much they're shelling out.
http://www.washingtonmonthly.com/archives/individual/2005_11/007548.php
