I was surprised. If they were just neglectful they would do a better job than this. It's beyond neglectful. It's a conflict of interest problem.
More Quotes from Nell Minow:
I think the change is significant -- and troubling. For one thing, it is in addition to the other termination payments, which the first one was not. And it is larger, for no apparent reason. Are they expecting a change of controlNell Minow
He is not the chairman of a public corporation. He doesn't create shareholder value. He is essentially a regulator, and he is running an unregulated monopoly in a way.
Nell Minow
I'm not saying that everyone has to agree with our grades, but the burden of proof should be on (the funds) to explain what they see in these companies that we don't.
Nell Minow
This report brings to light the role mutual funds play in enabling excessive compensation and helps investors determine which ones are committed to shareholder value and merit their business. The time is now for mutual funds to use their voting power in the interest of shareholders to tie executive pay to actual job performance.
Nell Minow
It's considered an atrocity now. Unless he says he'll take care of everyone, he won't get that.
Nell Minow
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