On Thursday, our friends at As You Sow released their fifth annual report on the 100 Most Overpaid CEOs. The launch included a webinar with Rosanna Landis Weaver (the report’s author), Paul Herman (founder and CEO of HIP Investor), and ex-Secretary of Labor Robert Reich.
Not only are these 100 CEOs overpaid concerning the poor performance of their companies, many fund managers, like BlackRock, Vanguard and StateStreet, routinely endorse the executive compensation package of these CEOs at the annual shareholder meeting. The report points to necessary actions by shareholders concerning executive compensation. It really is worth your time to dive in.
Axios.com offered succinct coverage of the webinar and report here.
The report can be found here. The webinar can be found here.
One thought on “Overpaid CEOs”
An excellent report! SGI members should seriously consider voting AGAINST these CEO’s and AGAINST their executive comp packages in their proxy votes.
– Frank Sherman