TITLE

Powerless on Pay

PUB. DATE
May 2007
SOURCE
Multinational Monitor;May/Jun2007, Vol. 28 Issue 3, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the non-binding rights of shareholders when it comes to wages of chief executive officers (CEOS) of companies. In Australia, Telstra shareholders opposing the $20 million pay for CEO Sol Trujillo were ignored by the company's board. According to Telstra board pay committee chair Charles Macek, shareholders are not experts when it comes to the issue. On the other hand, U.S. Representative Barney Frank, D-Massachusetts, is pushing for the same non-binding rights for shareholders in the country.
ACCESSION #
28784091

 

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