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I actually agree with her but IN REVERSE: Ultimately, it is the owners of a company who must determine whether a CEO's rewards are justified by a CEO's perform

I actually agree with her but IN REVERSE: Ultimately, it is the owners of a company who must determine whether a CEO's rewards are justified by a CEO's performance. It is up to sharegholders to decide if a CEOs performance justifies pay, AND TO HOLD CEOs ACCOUNTABLE or shareholders should LOSE EVERYTHING. That's what's missing here. Shareholders deserve to be wiped out, for failing to provide the required oversight of their own investmanets. Wiping out shareholders provides the last line of defence (self responsibility) for a system that is rapidly failing at all level.

captainobvious 18y ago
That's going to take a change to the way the whole mutual fund system works. People that buy into mutual funds (typically because it is their only choice in their work 401k's) don't vote. Fund managers do. There is a whole good 'ol boys network between fund managers and corporation managers that has perverse incentive written all over it.