Boards, frankly, are just getting up to speed in many instances on what they've done in the past and are really just starting to exhibit some control over the pay practices. It's going to be a gradual process.
More Quotes from Patrick McGurn:
There is still a lot of anger out there, but people have taken notice of what the board has already been doing.Patrick McGurn
This is not a right-left, Republican-Democrat, man-woman, old-young issue. Everybody thinks, with some very limited exceptions, that CEOs are overpaid, and because of that, shareholders aren't getting adequate bang for their buck.
Patrick McGurn
Sovereign has a lot of bridges to build with institutional investors. It's going to take time to repair their image.
Patrick McGurn
Very few educational institutions have filed corporate governance or social responsibility proxy proposals at publicly traded companies in recent years. The reason for this is not clearalthough the general decline in campus protest efforts is sometimes cited as the cause.
Patrick McGurn
There were definitely some that went closer to saying, 'Don't blame me,' as opposed to saying, 'This is the process,' ... I think that probably should set off more red flags as the language got stronger.
Patrick McGurn
It's ridiculous. Part of being a citizen is paying taxes.
Patrick McGurn
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