The Securities and Exchange Commission rules that 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 is what they deem a big, worthwhile endeavor, worth their regulatory efforts. But how many stockholders care? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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