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April 21, 2007


Say on pay

Barney Frank's "say on pay" bill moves to the Senate. The bill would require nonbinding shareholder votes on executive pay. I have some thoughts on this misguided effort to increase union power, reduce the efficiency of executive compensation, and usurp the states' role in corporate governance.

Posted by Larry Ribstein at 8:45 AM | TrackBack (0)



categories:
Corporate Governance









 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.