>Shareholders have a large say and usually have to approve whatever any board committee proposes.

Do you mean at the large rubber-stamping chair-has-all-the-proxies "Annual General Meetings??
Or do you mean a phone call or two to the largest institutional shareholders?
And do you think they describe all the bonus arrangements, shares arrangements, pension arrangements and termination arrangements too?



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>>shareholders have very little say over executive packages, these are normally laid out by the renumeration committee and that is made up of...executives! and if a company head hunts a top exec then roll out the printing machine regardless of company results
>>Slán
>>~M
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>><snip>
>>>>Perfect case in point: the executives of oil companies. There was a great column in the business section of the NY Times the other day, basically saying prepare to become seriously outraged when executive compensation disclosure statements come out in the coming weeks. These guys are about to get 2005 bonuses that would make the greediest investment banker think, "Whoa, that's a little TOO much."
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>>>Nothing is too much if the shareholders have agreed to that type of compensation. Again, I fail to see the malfeasance. If you don't like it, that's one thing. But it is legal.
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