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Curious what you think about why boards aren't incentivized to reign in CEO salaries. Is it because they all sit on each other boards?
by brianclements 11y ago
Curious what you think about why boards aren't incentivized to reign in CEO salaries. Is it because they all sit on each other boards?
- Spooky23 11y agoIt's a small club, so there isn't an incentive to make waves. Marissa Mayer is on the Walmart board. H. Lee Scott, former Walmart CEO is on the Yahoo board. Why would Mayer want to make a stink about the Walmart guy's salary, an awkward conversation that would probably lead to a similar awkward conversation when she wants a raise at Yahoo. The boards that I've seen (at a smaller scale) that work are ones where there is a diversity of interests. The minority political party member making a stink about the majority in a town board. Or the company board where a representative of labor controls a key committee.