The 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 problem a valid buy and sell strategy for investors to follow? No.
(See
the Earl J. Weinreb NewsHole® commentaries.
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