June 26, 2007

Executive Pay Attacked

Soaring Executive Pay Attacked by Shareholder Activists

In this spring’s round of corporate annual meetings, the Carpenters Union led an effort to clamp down on performance metric gamesmanship. The Carpenters and allied groups pushed a resolution asking corporate boards to benchmark their performance standards against competing firms. The goal: no windfalls for executives whose companies fail to beat their competitors.

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