TITLE

To the Ballot Box for Golden Parachutes

AUTHOR(S)
Kanter, Jeffrey M.; Bickford, Lawrence C.
PUB. DATE
March 1990
SOURCE
Directors & Boards;Spring90, Vol. 14 Issue 3, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the impact of decision of the Securities and Exchange Commission (SEC) to eliminate the golden parachute payments among business enterprises in the U.S. It resulted to several acquisitions including Transamerica Corp., Wendy's, Great Western Financial Corp., and USX Corp. The resolution reflects a new-found flexibility for expanding the issues that affect the company and recommends that the board of directors consider establishing a policy that assess employee compensation.
ACCESSION #
27689629

 

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