Securities and Exchange Commission has now ruled, if your company’s common stock is worth more than $75 million dollars, shareholders are allowed to vote once every three years on whether they like or dislike top management pay scales. But the company does not have to act on the voting results.
With all the problems the SEC has to face today, this has to be what they deem a big, worthwhile endeavor, worth their regulatory efforts.
Question: how many stockholders care? Few.
And is this a valid buy and sell strategy for investors to follow? No.
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