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Slade Gorton
Political leader

Slade Gorton

A former U.S. Senator and Washington State Attorney General, Slade Gorton served on the 9/11 Commission.

Shareholder Control

Wall Street income levels normally elicit about the same level of low-intensity criticism as do the salaries of professional athletes, Hollywood actors and rock stars. When, however, their employers and clients are losing the fortunes they are hired to enhance, the high intensity protests are more than justified. But to expect more than a handful of them to anticipate the result of changed circumstances and to alter their behavior responsibly is totally to misjudge human nature and its sense of entitlement. The cure, at least in many instances, is far greater shareholder rights and controls over total executive compensation.

By Slade Gorton

 |  February 2, 2009; 3:25 PM ET
Category:  Economic crisis Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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Executive compensation and bonuses strip value from public corporations by increasing expenses or or by increasing the amount of stock. Stock holders, the true owners of the corporation are helpless to rein in the current excesses.

Posted by: bobshreve | February 4, 2009 6:09 PM
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How about we also require companies (of say, 100 or more employees; both public and private) to reveal the salary and bonus of the highest and lowest paid employee and to show the average of all employees.

Maybe that will allow people the ability to determine what is and is not appropriate compensation.

Posted by: MarketResearcher | February 4, 2009 4:28 PM
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