i voted for the guy, this i think the SEC should not mingle in the compensation of these companies, too much oversight, imo
http://www.washingtonpost.com/wp-dyn...l?hpid=topnews
The Obama administration is set to announce two proposals today that would empower shareholders and the Securities and Exchange Commission to have more oversight over executive compensation at all publicly traded firms, government sources said.
Under a so-called "say-on-pay" plan, shareholders would have a greater voice over what top earners at firms are paid.
A second proposal would authorize the SEC to ensure that compensation committees at companies act independently in setting executive pay. Members of these committees would be banned from taking any fees from their respective firms other than what they make for serving on the panels. Any attorney or consultants that help members in their work must be hired by and report to the committee rather than the chief executive of a firm.