On asking shareholders to be responsible

January 8th, 2012 § 0 comments § permalink

Further to my previous incoherent ramble on giving shareholders responsibility is this from episode 114 of The Pod Delusion about just how much shareholders can hold companies responsible.

Listen from 32 minutes and 50 seconds.

Both my rant and this Pod Delusion clip begs the question, just how much influence do share holders of massive companies have, exactly?

Giving shareholders clout

January 8th, 2012 § 0 comments § permalink

(I’m on my phone so no links. Sorry)

If the government is going to try and make shareholder votes on executive pay binding why for the last fuck knows how long have all these thinktanks, committees and what not been telling us that all that’s needed to reign in excessive pay is for the shareholders to take responsibility and vote the pay deals down?

I didn’t know those votes weren’t binding, but then I’m not a boardroom expert. These other cunts put themselves forward as such and so are either lying wankers, bullshitters or incompetent.

We’re surrounded by cunts, we really are.

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