Thursday, June 4, 2015

ICGN speech 2015

I'm in London at ICGN and gave my speech this afternoon. I wasn't able to present this entire paper due to time constraints but I'm offering it here for anyone who wants to read the entire thing. I look forward to your comments.

Busy time in London: Spoke yesterday at the Responsible Investor conference, speaking at CSFI, Institute of Directors and Investor Forum next week. Many, many superb people here and I'm enjoying the chance to catch up with old friends.

June 4, 2015 in accountability  |  1 comment  | 

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Posted by Hal shear on Jun 15, 2015 at 9:35 PM
Your points are well made, speaking as a long time corporate governance professional. However I think the source of the disconnect beaten ceo comp, the cornerstone of the disparity between workers and execs goes back to the lbo days of the '80's.
As I remember it, people like bob mueller and others had constructed governance that would work, and as we entered the 90's Treadway and the like codified much of that. But the lure of easy money tied to leveraged balance sheets became the norm and so it went. CEOs with no lbo skin in the game obtained the same comp packages and so on. And it never went back. The ratio of CEO to worker pay, etc.
ah well. Just reading your literate comment made me want to express this.
Hal
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