(In order to control CEO pay levels)
2007-01-11 05:12:11 · 5 answers · asked by Donnie Mann 1 in Business & Finance ➔ Corporations
That would be like getting rid of Congress, and having everything be up to popular vote. Disaster. The function of the board is similar to that of Congress- they represent the shareholders- what we need are boards that aren't in bed with management, and will stand up for what's right by the shareholders.
2007-01-11 05:21:26 · answer #1 · answered by morlock825 4 · 1⤊ 0⤋
Corporations are PRIVATE entities, even if they are publicly traded. When they talk about a public company that means the stock is available to the public for sale. Imposing a democratic management would be akin to imposing that your family begin a democratic management style. Your kids get to vote on whether you should stay in your job or take another.
2007-01-11 05:23:25 · answer #2 · answered by Robert A 2 · 1⤊ 0⤋
Right after they impose pay limits on baseball players, pop-singers who don't wear underwear, and obese police officers. Please get a clue before you imply that our government should halt all free-market economy activities.
If it makes you feel any better though, with all the hearings that the Dems plan on holding for corporations recording record profits, you can expect a market fallout and subsequent trickled down mini-recession in the next 6-8 months.
2007-01-11 08:48:43 · answer #3 · answered by hinduhammer8 2 · 1⤊ 0⤋
Are you insane? This is a free-market capitalist economy. Congress has no right (and no business) to interfere with internal corporate decisions such as compensation packages.
2007-01-11 05:21:19 · answer #4 · answered by mom2trinityj 4 · 1⤊ 0⤋
Listen To Me Buddy: "HELL NO!"
2007-01-11 08:38:04 · answer #5 · answered by Chris P 3 · 1⤊ 0⤋