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Enablers of Excess: Mutual Funds & the Overpaid American CEO

dc.contributor.authorAFL-CIO
dc.contributor.authorAFSCME
dc.contributor.authorThe Corporate Library
dc.date.accessioned2020-12-05T20:19:36Z
dc.date.available2020-12-05T20:19:36Z
dc.date.issued2006-03-01
dc.description.abstract[Excerpt] In this report, the American Federation of State, County and Municipal Employees (AFSCME), AFL-CIO, and The Corporate Library (TCL) examine mutual fund proxy voting on executive compensation issues. Our purpose is to determine the extent to which mutual funds have exercised their responsibility to vote in their shareholders’ best interests on measures that would reasonably restrain executive compensation and link CEO pay more closely to company performance. Recent media coverage has increased public understanding about the outrageously high pay packages afforded to company executives, independent of their performance. To date, however, little attention has been paid to the worst enablers of this trend—the largest institutional investors, who possess a unique opportunity to exert influence over a board’s executive pay decisions through their formidable voting power.
dc.description.legacydownloadsafl_cio13_EnablersofExcess.pdf: 928 downloads, before Oct. 1, 2020.
dc.identifier.other1846543
dc.identifier.urihttps://hdl.handle.net/1813/88129
dc.language.isoen_US
dc.rightsRequired Publisher Statement: Copyright by the AFL-CIO. Document posted with special permission by the copyright holder.
dc.subjectmutual funds
dc.subjectexecutive compensation
dc.subjectCEO
dc.subjectperformance
dc.titleEnablers of Excess: Mutual Funds & the Overpaid American CEO
dc.typearticle
local.authorAffiliationAFL-CIO: True
local.authorAffiliationAFSCME: True
local.authorAffiliationThe Corporate Library: True

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