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(The Business Journals)   Shareholders: We're voting this guy out because executive compensation is out of control and he's in charge of it. Board of Directors: FU   (bizjournals.com) divider line 5
    More: Obvious, executive compensation, board of directors, shareholders  
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3486 clicks; posted to Business » on 26 Aug 2013 at 4:57 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
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2013-08-27 09:48:36 AM  
1 votes:

Treygreen13: Sergeant Grumbles: Too bad you're wrong. I saw it for what it was, the board covering its own ass as it flipped the bird at the shareholders. If you're unhappy with executive compensation, who else do you target than the guy in charge of compensation? Or is it normal to keep your job after being voted out in the world of corporations? That's not really an argument against heads rolling.

Maybe the next time I'm fired, I can just get my buddies to give me a do-over.

Here's the Big Lots Corporate Governance Guidelines. The majority vote policy is 1.11 on page 2 of that document. Within is the agreed-upon rules of the shareholders and board when it comes to the mechanics of this vote.

Read it if you want. Or don't. I don't care.


I'm not saying I'm not impressed with you going the extra mile here, but that seems like a lot of work to tell some guy on the internet that he's wrong about something.
2013-08-26 06:46:23 PM  
1 votes:

Sergeant Grumbles: Treygreen13: This headline is so much more fun if you don't read the article, which states that the shareholders didn't have an issue with the guy and were instead upset about compensation policies that were changed at the meeting.

The guy was head of the compensation committee. Who else do you go after if you're unhappy with executive compensation?
The bottom line is that he was effectively voted out, and the board gave the shareholders the finger and are just looking for a way to cover their asses. It's that kind of consequence-free bullshiat for the wealthy that leads to heads rolling.


Well, I can see how it looks that way if you don't read the article.
2013-08-26 06:38:25 PM  
1 votes:

Treygreen13: This headline is so much more fun if you don't read the article, which states that the shareholders didn't have an issue with the guy and were instead upset about compensation policies that were changed at the meeting.


The guy was head of the compensation committee. Who else do you go after if you're unhappy with executive compensation?
The bottom line is that he was effectively voted out, and the board gave the shareholders the finger and are just looking for a way to cover their asses. It's that kind of consequence-free bullshiat for the wealthy that leads to heads rolling.
2013-08-26 06:16:03 PM  
1 votes:

Sergeant Grumbles: [475x346 from http://ms-brown.wikispaces.com/file/view/1-15--guillotine.jpg/16779186 5/1-15--guillotine.jpg image 475x346]


Yep.  My response:  Okay, his compensation is coming out of the board's paychecks.  Nope, you're not allowed a raise.
2013-08-26 05:34:55 PM  
1 votes:
But but but the free market ensures that people get paid what they're worth right?
 
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