I felt the previous thread had degraded to bickering about socialism and didn't want the exact details to be lost. If the mods deem a 2nd post inappropriate, I apologize, please lock or merge.
http://www.cnbc.com/id/29014776/
Summary:
Exceptional Fund companies:
1)Limit Senior Executives to $500,000 in Total Annual Compensation?Other than Restricted Stock
2)Any Additional Pay for Senior Executives Must Be in Restricted Stock that Vests When the Government Has Been Repaid with Interest
3)Executive Compensation Structure and Strategy Must be Fully Disclosed and Subject to a ?Say on Pay? Shareholder Resolution
4)Require Provisions to Clawback Bonuses for Top Executives Engaging in Deceptive Practices
5)Increase Ban on Golden Parachutes for Senior Executives
6)Require Board of Directors? Adoption of Company Policy Relating to Approval of Luxury Expenditures
General captial access program using companies:
1)Limit Senior Executives to $500,000 in Total Annual Compensation Plus Restricted Stock?Unless Waived with Full Public Disclosure and Shareholder Vote
2)Require Provisions to Clawback Bonuses for Top Executives Engaging in Deceptive Practices
3)Increase Ban on Golden Parachutes for Senior Executives
4)Require Board of Directors? Adoption of Company Policy Relating to Approval of Luxury Expenditures
Finally there is a longterm strategy section at the end of the article. One of the bullets is having a say on pay shareholder resolution on executive compensation which I really really like. There are other bullets including clawback ideas which the industry is already implementing.
http://www.cnbc.com/id/29014776/
Summary:
Exceptional Fund companies:
1)Limit Senior Executives to $500,000 in Total Annual Compensation?Other than Restricted Stock
2)Any Additional Pay for Senior Executives Must Be in Restricted Stock that Vests When the Government Has Been Repaid with Interest
3)Executive Compensation Structure and Strategy Must be Fully Disclosed and Subject to a ?Say on Pay? Shareholder Resolution
4)Require Provisions to Clawback Bonuses for Top Executives Engaging in Deceptive Practices
5)Increase Ban on Golden Parachutes for Senior Executives
6)Require Board of Directors? Adoption of Company Policy Relating to Approval of Luxury Expenditures
General captial access program using companies:
1)Limit Senior Executives to $500,000 in Total Annual Compensation Plus Restricted Stock?Unless Waived with Full Public Disclosure and Shareholder Vote
2)Require Provisions to Clawback Bonuses for Top Executives Engaging in Deceptive Practices
3)Increase Ban on Golden Parachutes for Senior Executives
4)Require Board of Directors? Adoption of Company Policy Relating to Approval of Luxury Expenditures
Finally there is a longterm strategy section at the end of the article. One of the bullets is having a say on pay shareholder resolution on executive compensation which I really really like. There are other bullets including clawback ideas which the industry is already implementing.
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