Bank of America CEO gets 73 percent pay increase in 2012

Discussion in 'Politics and News' started by dmcowen674, Feb 19, 2013.

  1. Fern

    Fern Elite Member <br> Super Moderator
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    Can't help but act like an azz, can you?

    OK, so I see that many boards have the CEO as the titular Chair, but almost all of these have a "lead/presiding director" that is not the CEO.

    An example:

    http://www.foxbusiness.com/business...rds-shift-toward-breaking-up-ceo-chair-roles/

    Fern
     
  2. Fern

    Fern Elite Member <br> Super Moderator
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    See my above post.

    Fern
     
  3. Phokus

    Phokus Lifer

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    That really doesn't matter, CEO's are supposed to have an arm's length relationship with their Board, it's really hard to be impartial when you're basically working together.

    And besides that, even if this wasn't a problem, there's still the problem with CEO's sitting on each other's boards, 'independent' board members sitting on multiple boards, etc.

    http://en.wikipedia.org/wiki/Interlocking_directorates

    The idea that you think there's anything resembling responsible corporate governance is kinda funny.
     
    #28 Phokus, Feb 20, 2013
    Last edited: Feb 20, 2013
  4. Fern

    Fern Elite Member <br> Super Moderator
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    Yes, it really does matter.

    And the CEO should either be on the Board, or at the very least attend every board meeting. Communication between the board and CEO is critical. If the CEO isn't there good communication can't happen.

    Fern
     
  5. Phokus

    Phokus Lifer

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    lol, how can you make unbiased decisions on the ceo when he's at your meetings all the time and swinging golf clubs with you?

    The Chairman of the board is the leader of the board. It's ridiculous to think the board can in any way be unbiased.
     
  6. max347

    max347 Platinum Member

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    .+1
     
  7. WackyDan

    WackyDan Diamond Member

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    So what is your point? Mine is still valid. The problem is with the board regardless of whether the CEO is on it or not.

    Saying you don't have time for participating yet complaining about it doesn't win you the merit badge either.

    HP is a great example of how utterly fucked up a BOD can be but also a good example of shareholders rising up to make a statement and vote. We need more of the latter.
     
  8. dmcowen674

    dmcowen674 No Lifer

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    Originally Posted by Greenman [​IMG]
    What absolute utter tripe. You're not doing anything, you're not changing anything. You're railing at the heavens because you're upset about your own station in life.

    Ah but I piss the likes of you off, Mission Accomplished